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<p>US October inflation data, CPI, is due at 1330 GMT. </p><ul><li>
This
snapshot below is from the ForexLive economic data calendar, <a href="https://www.forexlive.com/EconomicCalendar">access
it here</a>.</li><li>
The
times in the left-most column are GMT. </li><li>
The
numbers in the right-most column are the 'prior' (previous
month/quarter as the case may be) result. The number in the column
next to that, where there is a number, is the consensus median
expected.</li></ul><p>Snippet preview via Scotia:</p><p>CPI for October kicks ... it's likely to be another hot one.this could be the eleventh time in the past thirteen months that core CPI will have posted month-over-month seasonally adjusted gains of 0.5% or more</p><p>Among the expected drivers are the following factors:</p><ul><li>If nothing else changed other than year-ago base effects then the rate of inflation would ebb from 8.2% y/y in September to 7.3% in October. It's vital to look through this toward the incremental price pressures in month-over-month seasonally adjusted and annualized terms.</li><li>October tends to be a seasonal up-month for unadjusted prices as input into the year-over-year rate. </li><li>Gas prices pushed higher by an estimated 3.7% m/m NSA which is more than is seasonally normal </li><li>Natural gas prices fell sharply ...  but a) it doesn't all flow through CPI in a single month, b) there are other fuels in that category, and c) there is only a 1% weight attached to it.</li><li>Used vehicle prices declined a bit, but the modest 4% weight </li><li>New vehicle prices were very little changed</li><li>Food retail prices are expected to remain hot </li><li>Shelter costs ... will probably remain hot</li></ul>

                This article was written by Eamonn Sheridan at forexlive.com.