Details of the January 2017 US CPI inflation data report 15 February 2017
Prior 2.1%
0.6% vs 0.3% exp m/m. Prior 0.3%
Core 2.3% vs 2.1% exp y/y. Prior 2.2%
0.3% vs 0.2% exp m/m. Prior 0.2%
Real avg weekly earnings -0.4% vs 0.0% exp m/m. Prior 0.1%. Revised to 0.3%
-0.6% vs 0.2% prior y/y. Revised to 0.4%
Avg hourly earnings 0.0% vs 0.8% prior t/t
Strong numbers though wages disappoint some.
The market is running with the higher inflation numbers and better retails. 114.85 trades in USDJPY.
I can't remember a time when nearly every component was a positive. The only spoiler is education. There's obviously a lot of energy involved but inflation is spreading out. Hike away!
US CPI & core y/y
