Liverpool and Manchester City meet on Sunday at Wembley Stadium in the Community Shield.
Both sides will be using the game as their final chance to prepare for the Premier League season.
The domestic campaign kicks off properly next Friday night with Liverpool taking on Norwich.
The Reds are going for their first ever Premier League title this year, having missed out on the title by just a point last year.
After a thrilling campaign, City ended up winning the league with 98 points, besting Liverpool who finished with 97.
Throughout the last two Premier League campaigns, City have scored 198 points, and Klopp believes that form will put them in good stead this year.
The German told reporters that he believes Pep Guardiola’s side have to be made favourites to retain their crown for a third straight year.
“Because they’ve won the league twice in a row, that’s one reason (for being favourites),” he said. “Ours was the first year on that level.
“We have to prove again that we can be on that level – 97 points was not a coincidence, but it’s not as if we outplayed all the teams, that we shot them out of the stadium constantly.
“We had tight games. We were a real results machine last year, really impressive.
“But the champions didn’t lose a player, apart from [Vincent] Kompany, but they will be able to do something.
“They are pretty consistent, a good age group, experienced, they are clear favourites. How could we be favourites?”
Liverpool’s season ended with a historic night in Madrid, as the Reds beat Tottenham 2-0 to win their sixth Champions League title.
And Klopp suggested that they will have better success in Europe this year than domestically.
“If somebody said we were favourites for the Champions League, I probably couldn’t deny it,” he continued.
“We have been in the final twice in a row and obviously know the way to the final.
“Does that mean we’ll be in it again? Probably not. It’s possible, we’ll try. But being a favourite has no influence on a season. Getting a good start, that’s our main thing.”