Earlier in the week I had an inflation preview here:

Data is due at 1330GMT

previews:

RBC:

  • Look for headline CPI to get a boost from energy prices in October. Though retail gasoline was up a relatively modest 0.6%, it translates into a large gain when adjusted for seasonal trends. All in this should help boost headline prices by about 0.3% on the month.
  • The core should be supported by a rebound in shelter prices, which were impacted by a quirky drop in lodging away from home last month. Core CPI is poised to advance about 0.2%. These monthly gains would move headline CPI to 2.5% y/y from 2.2% and core to 2.1% from 2.2%

Barclays

  • We expect headline CPI to have increased 0.3% m/m and 2.5% y/y. Excluding the volatile food and energy components, we forecast inflation to have risen 0.2% m/m and 2.2% y/y.
  • We maintain our view that core CPI will rise gradually to reach 2.5% by the end of 2019 reflecting GDP growth running above potential, labor markets continuing to tighten and wage inflation moving higher modestly.

Citi

  • We expect US core CPI at 0.2% MM (consensus 0.2% MM) and headline CPI at 0.3% MM (consensus 0.3% MM). We will look for any signs suggesting some pass-through from tariff-related costs.
  • Core CPI advanced 0.116%MM in September, weaker than consensus expectations for 0.2%, but two soft readings will not be enough to keep the Fed from hiking in December.