Goldman Sachs Predicts U.S. Inflation Trends Amid Rising Prices

Dec 10, 2024

The U.S. Bureau of Labor Statistics is set to release November CPI data soon. Goldman Sachs forecasts a 0.28% month-over-month rise in core CPI, slightly below market expectations. The firm anticipates a 3.27% year-over-year increase, also under market consensus. Key factors include rising prices for used cars, airline tickets, and auto insurance. Used car prices are expected to jump by 2.0%, while airline fares may increase by 1.0%. Auto insurance prices could see a 0.5% rise due to higher car prices and costs. Goldman Sachs projects inflation to slow over the next year, with CPI monthly rates between 0.20%-0.25%, but warns of potential impacts from tariff policy changes.

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