US CPI in as expected in November 2018 but wages are softer

November 2018 US CPI inflation data 12 December 2018

• CPI 2.2% vs 2.2% exp y/y. Prior 2.5%
• 0.0% vs 0.0% exp m/m. Prior 0.3%
• Core 2.2% vs 2.2% exp y/y. Prior 2.1%
• 0.2% vs 0.2% exp m/m. Prior 0.2%
• Real weekly earnings -0.1% vs 0.3% exp m/m. Prior 0.1%
• 0.5% vs 0.9% prior y/y
• Real hourly earnings 0.8% vs 0.7% prior y/y

In as expected for inflation but wages take a dip. USD not doing an awful lot anyway. USDJPY 113.38. EURUSD 1.1343.

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Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
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