大摩：美国9月CPI预计再走高，关税传导持续推高核心通胀

智通财经2025-10-13

智通财经APP获悉，摩根士丹利表示，受关税成本逐步传导、能源价格上涨等因素影响，定于10月24日发布的美国9月消费者价格指数(CPI)报告预计将显示核心CPI仍将维持高位，整体通胀水平略高于核心通胀，同时租金、医疗服务等细分领域价格走势呈现分化。该行预测，9月核心CPI环比将上涨0.32%，同比涨幅为3.12%，这意味着核心商品通胀已连续第四个月保持正值，主要源于关税相关成本向消费端的逐步传导。...

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