Here are 3 trends to watch for in the key August inflation report, according to Goldman Sachs

Tue, 09/12/2023 - 09:57

Used cars sit in the sales lot of a used car dealership in California. — On average, the annual percentage interest rate on new vehicles was 6.5% in 2022 and 4.1% in 2021, while for used vehicles it was 10% in 2022 compared to 7.4% in 2021.
Justin Sullivan/Getty Images

Goldman Sachs expects August headline CPI to rise 3.58% annually, up from July's 3.2% gain.
Strategists wrote Monday they expect to key trends to emerge, including a 3.1% decline in used car prices.
They also expect higher airfares and transportation prices, and shelter inflation to remain at its current pace.

Goldman Sachs expects Wednesday's release of the August consumer price index to show several key trends that reflect how Americans are spending and how inflation continues to shift.