- Prior was 1.7% y/y
- Ex-food and energy 1.7% vs 1.6% exp
- Prior ex-food and energy +1.7%
- Avg weekly earnings +0.9% y/y vs +1.1% prior
- Avg hourly earnings +0.6% vs +0.7% prior
- CPI 0.4% vs +0.3% exp
- Prior 0.1%
- Ex food and energy 0.2% vs +0.2% exp
- Prior ex food and energy +0.1%
There was a big jump in gasoline (+6%) so that should take a bit of the excitement out of the headline number. Core was strong as well, so it's not just Harvey.
The way the market has been this week, there is no questioning good US economic news, so it's going to be tough to stall the dollar.
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