TechFlow, October 20 — According to Jinshi Data, despite the ongoing U.S. government shutdown, the delayed September inflation data will be released this Friday. Goldman Sachs analysts reported over the weekend that they expect both headline and core CPI to rise 0.3% month-on-month in September, keeping the year-over-year core inflation rate around 3.1%.
Goldman Sachs noted that the upward pressure from vehicle prices on inflation is weakening, and airfare prices may also decline. Meanwhile, contributions to inflation from the labor market and housing sector may be cooling as well. However, tariffs could exert upside pressure on "specific exposed sectors such as telecommunications, home furnishings, and entertainment." The firm forecasts that the core inflation rate for the full year through December will settle at 3.1%.
