US December inflation data due Friday - CPI - another preview

CPI and retail sales data due from the US today, Friday 12 January 2018

• due at 1330 GMT

This via Westpac:

• In November, headline inflation accelerated as gasoline prices jumped. Headline consumer prices gained 0.4% in the month and 2.2% over the year, up from 2.0%yr in October.
• Core inflation however surprised to the downside, rising by just 0.1% as health care and clothing costs weighed.
• Annual core CPI inflation is currently at 1.7%yr, a level that has been maintained for the past six months.
• Come December, a 0.2% rise in headline and core inflation is expected as energy price inflation abates and food remains broadly neutral. If the monthly gain comes in as expected, then annual core inflation will hold at its current level.

ps. I posted a CPI preview yesterday: US December inflation data due Thursday - PPI (ps. CPI follows on Friday