Nick Timiraos, the "Federal Reserve mouthpiece": Economists expect August CPI to be relatively mild, just like July

Nick Timiraos, the "Fed mouthpiece", said that economists who provide detailed inflation forecasts expect the CPI in August to be relatively mild, just like in July. The median forecast shows that the core CPI will rise by 0.21% month-on-month, which will keep the inflation rate at 3.2% for 12 months. The overall CPI is expected to slow to 2.5%.