US CPI preview: Another messy report as shutdown skips October numbers

The upcoming CPI report for the US is expected to be troubled due to the missing data from October resulting from the government shutdown. The focus will be on November's figures, with an anticipated headline annual inflation rate of 3.1%, slightly up from 3.0% in September. Analysts point to data collection relying on online sources as a potential issue, causing uncertainty. Estimates indicate core CPI holding steady at 3.0%. Analysts from BofA and Goldman Sachs expect monthly inflation changes between 0.21% to 0.29% for core CPI across October to November, suggesting ongoing upward pressure in the future due to tariffs. Investors are urged to be cautious about interpreting the results because of the incomplete data and potential biases in collection methods during significant promotional periods.