Nomura Securities: Core CPI expected to rise, with the largest contribution coming from core goods inflation.

date
11/09/2025
Nomura Securities said it expects the core CPI in the United States to increase by 0.34% month-on-month in August. The largest contribution comes from core goods inflation, which is expected to increase by 0.48% month-on-month, the fastest pace since June 2022. Nomura Securities said, "We expect non-auto product prices to continue to rise strongly due to tariff increases. However, super core inflation may slow down as the boosting effects of previous increases in dental services prices and airfares are weakening."