Institution Forecasts U.S. July CPI and Core CPI Year-on-Year

date
12/08/2026
U.S. July unadjusted CPI year-on-year 1. ANZ: +3.3%; Capital Economics: +3.3%; Citigroup: +3.3%; Credit Suisse: +3.3%; Spartan Capital: +3.3%; 2. Sumitomo Mitsui: +3.3%; Vanguard: +3.3%; CIBC: +3.3%; NatWest: +3.4%; Barclays: +3.4%; 3. HSBC Holdings: +3.4%; BofA Merrill Lynch: +3.4%; Deutsche Bank: +3.4%; DBS Bank: +3.4%; Danske Bank: +3.4%; 4. Goldman Sachs: +3.4%; Berenberg: +3.4%; High Frequency Economics: +3.4%; ING: +3.4%; Lloyds Bank: +3.4%; 5. SocGen: +3.4%; Standard Chartered: +3.4%; Nordea: +3.4%; JPMorgan: +3.4%; Morgan Stanley: +3.4%; 6. UBS Group: +3.4%; UniCredit: +3.4%; Wells Fargo: +3.4%; Nomura: +3.4%; National Westminster: +3.4%; 7. TD Securities: +3.4%; Imperial Bank: +3.4%; Scotiabank: +3.5%; Montreal: +3.5%; Stifel: +3.6%. U.S. July unadjusted core CPI year-on-year 1. Capital Economics: +2.4%; Citigroup: +2.4%; High Frequency Economics: +2.4%; Nomura: +2.4%; TD Securities: +2.4%; 2. ANZ: +2.5%; Montreal: +2.5%; NatWest: +2.5%; BofA Merrill Lynch: +2.5%; Barclays: +2.5%; 3. Deutsche Bank: +2.5%; Goldman Sachs: +2.5%; HSBC Holdings: +2.5%; Imperial Bank: +2.5%; Danske Bank: +2.5%; 4. ING: +2.5%; JPMorgan: +2.5%; Standard Chartered: +2.5%; Wells Fargo: +2.5%; National Westminster: +2.5%; 5. Sumitomo Mitsui: +2.5%; Nordea: +2.5%; Lloyds Bank: +2.5%; SocGen: +2.5%; Spartan Capital: +2.5%; 6. UBS Group: +2.5%; UniCredit: +2.5%; Morgan Stanley: +2.5%; Scotiabank: +2.6%; Stifel: +2.8%.