Consensus looks decently fair for USD inflation released on Thursday, but the risk is tilted marginally in the hawkish direction especially due to transportation services. Core inflation is likely to print at 3.9% YoY.
![USD-flation Watch: Still not softening as much as Europe](https://stenoresearch.com/wp-content/uploads/2023/01/WS-Inflation-1080x675.png)
Consensus looks decently fair for USD inflation released on Thursday, but the risk is tilted marginally in the hawkish direction especially due to transportation services. Core inflation is likely to print at 3.9% YoY.