CITIC Securities: Next year, the overall CPI growth rate in the United States may be around 2.6%.

On November 15th, Jinshi Data reported that Citic Securities' research report stated that the overall increase in the US CPI in October is in line with expectations, with most sub-item readings being generally stable, commodity prices stable, and lingering service inflation, increasing the possibility of a rate cut by the Fed in December. After Trump's election, the prospect of commodity inflation in the US is a hidden concern worth following. We expect that the overall CPI for the remaining two months of this year in the US may not decrease significantly, considering the progressive impact of Trump's planned tariffs and the expulsion of immigrants. The year-on-year increase in the overall CPI in the US next year may be around 2.6%.