The US CPI on Tuesday is expected to remain overheated, at a 0.4 percent monthly rise overall and a 0.3 percent gain for the ex-food ex-energy core that would leave the latter at an expected 3.7 percent and nearly double the Federal Reserve’s target. Shelter costs will likely still be elevated, while other services like insurance premiums are seeing new hikes.
India’s CPI on Tuesday is expected to edge only 1 tenth lower to 5.0 percent with UK wages, also on Tuesday, likewise not expected to cool very much to 5.7 percent. Yet the UK’s monthly GDP report on Wednesday is expected to offer good news with a 0.2 percent gain.
US retail sales on Thursday are seen rebounding but not US industrial production on Friday where another flat result is the consensus. US consumer sentiment for early March will wind up the week’s calendar with what is expected to be a small gain on top of recent large gains.