- Prior was +0.4%
- CPI y/y +2.1% vs 2.1% exp
- Prior 2.2%
- Ex food and energy 1.8% y/y vs 1.7% exp
- Prior ex food and energy 1.7%
- Ex food and energy +0.3% m/m vs +0.2% exp
- Real average weekly earnings +0.7% y/y vs +0.8% prior
- Real avg hourly earnings y/y +0.4% vs +0.2% prior
The
numbers on the surface area showing a pick up in the ex food and energy
(core inflation data). The MoM and YoY ex food and energy are 0.1%
greater than the expectations. Better news there but still core below
the 2% level. . The bad is the real weekly earning YoY are still very
low at 0.7% although hourly earnings moved higher to 0.4% from 0.2%,
they are still low.
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