December CPI rebound expected after shutdown-softened November: Wells Fargo

Wells Fargo & Co (NYSE:WFC, XETRA:NWT) analysts expect December’s delayed consumer price index (CPI) report to show firmer monthly inflation following an unusually weak November reading, while still pointing to a continued easing in underlying price pressures. In a note, the analysts said the prior month’s data were distorted by US federal government shutdown-related issues.