The Consumer Price Index for July is scheduled to be released on Tuesday, August 12th. The consensus is for a 0.2% increase in CPI, and a 0.3% increase in core CPI. The consensus is for CPI to be up 2.8% year-over-year and core CPI to be up 3.0% YoY. From Goldman Sachs economists: We expect a 0.33% increase in July core CPI (vs. +0.3% consensus), corresponding to a year-over-year rate of 3.08% (vs. +3.0% consensus). We expect a 0.27% increase in headline CPI (vs. +0.2% consensus), reflecting higher food prices (+0.3%) but lower energy prices (-0.6%). Our forecast is consistent with a 0.31% increase in core PCE in ... (full story)