March 2018 US CPI report 11 April 2018

  • Prior 2.2%
  • -0.1% vs 0.0% exp m/m. Prior 0.2%
  • Core CPI 2.1% vs 2.1% exp y/y. Prior 1.8%
  • 0.2% vs 0.2% exp/prior m/m
  • Real average weekly earnings 0.4% vs 0.2% exp m/m. Prior 0.3%
  • 0.9% vs 0.6% prior y/y
  • Real average hourly earnings 0.4% vs 0.4% prior y/y. Revised to 0.3%

Overall CPI is bang on the money but the wages are looking a bit better, especially the weekly y/y. The dollar has seen some selling on these numbers but I can’t imagine the market was looking for more than it got.

EURUSD has ticked up to 1.2396, GBPUSD to 1.4192. USDJPY hit’s a new low of 106.68.

Gasoline falling 4.9% has gained some attention for the drop on the month but that’s no bad thing in the grand scheme of things. the rest is a mixed bag.

US CPI detail

US CPI details

Ryan Littlestone

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