July 2014 US CPI 2.0% vs 2.0% exp y/y

  • Prior 2.1%
  • 0.1% vs 0.1% exp m/m. Prior 0.3%
  • Core 1.9% vs 1.9% exp y/y. Prior 1.9%
  • Core 0.1% vs 0.2% exp m/m. Prior 0.1%
  • Real weekly earnings 0.0% vs 0.1% exp m/m. Prior 0.0%

Pretty much bang on the screws and the dollar reaction suggests that maybe the market was wary of a bigger fall and we’re seeing a bit of a relief rally. USD/JPY is up to 102.79 while EUR/USD takes a look at the barrier at 1.3325 with a 1.3326 low.

Of course the housing data is probably more of a mover in this than inflation

US CPI breakdown 19 08 2014

US CPI breakdown 19 08 2014

US CPI yy 19 08 2014

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