April US consumer price index +2.2% vs +2.3% y/y expected

• Prior was +2.4%
• CPI ex food and energy 1.9% vs 2.0% expected
• Prior ex food and energy 2.0%

Month-over-month

• CPI % m/m 0.2% vs +0.2% exp
• Prior was -0.3%
• CPI ex food and energy +0.1% m/m vs +0.2% exp
• Prior CPI ex food and energy -0.1% m/m

Disappointing numbers for the second month in a row.
Wages:

• Real average weekly earnings +0.3% y/y vs -0.1% prior
• Real average hourly earnings +0.4% y/y vs +0.3% prior

US core CPI y/y: