Bank of America expects US inflation to stay sticky in August, with both headline and core CPI forecast to rise 0.3% month-on-month:
- higher energy prices, tariff-driven goods inflation and firm non-housing services.
- The bank projects year-on-year headline CPI will climb to 2.9% from 2.7%, marking the highest level since last July
- tariffs are continuing to filter through to consumers, with price pressures evident in household furnishings, apparel and recreation goods.
- “We expect tariffs to remain a source of goods price inflation over the next few quarters”
- gradual pass-through may further squeeze consumers already facing stretched budgets
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Earlier:
- US August CPI preview - here's what 18 investment bank analysts expect
- US CPI data - Goldman Sachs preview: sees tariffs fuelling August core CPI above 3%
Data is due on Thursday, September 11, 2025 at 0830 US Eastern time, 1230 GMT.
