US June CPI +1.6% y/y vs +1.7% y/y expected

Author: Adam Button | Category: News

Highlights of the June 2017 US consumer price index report

  • Prior was +1.9%
  • Ex-food and energy 1.7% vs 1.7% exp
  • Avg weekly earnings +1.1% y/y vs +0.6% prior
  • Avg hourly earnings +0.8% vs +0.6% prior

Month-over-month data:

  • CPI 0.0% vs 0.1% exp
  • Prior -0.1%
  • Ex food and energy +0.1% vs +0.2% exp

The US dollar is getting beaten up on soft inflation and soft retail sales. I feel like the wage numbers are a bit of good news but it's a one-way trade right now.

If you look at the actual index, the CPI is down fractionally on the core and the headline.