- Prior 1.7%
- 0.1% vs 0.0% exp m/m. Prior -0.2%
- Core 1.7% vs 1.7% exp y/y. Prior 1.7%
- 0.1% vs 0.2% exp m/m. Prior 0.0%
- Real weekly earnings 0.2% vs 0.3% exp m/m. Prior 0.4%. Revised to 0.5%
No big shocks to the downside on inflation and that’s lifted the buck around 20 pips to 107.19. EUR/USD pushed to a new low at 1.2667.
Energy was only down 0.7% compared with a 2.6% drop in August and the food and beverages rose 0.3%. It’s pretty much the transport and travel sectors that have seen the moves. Overall there’s nothing much for hawk or dove from these numbers but there might be some relief that inflation hasn’t crumbled. Once again, next month may see more of an effect from the recent oil moves.
US CPI details 22 10 2014
Nothing to write home about with the wage numbers either so we’ll not be seeing any inflation pressures from that anytime soon.
US CPI 22 10 2014
