December 2018 US CPI inflation data 11 January 2019
- CPI 1.9% vs 1.9% exp y/y. Prior 2.2%
- -0.1% vs -0.1% exp m/m. Prior 0.0%
- Core 2.2% vs 2.2% exp/prior y/y
- 0.2% vs 0.2% exp m/m. Prior 0.2%
- Real average weekly earnings 0.7% vs 0.3% exp m/m. Prior -0.1%
- 1.2% vs 1.2% exp y/y. Prior 0.5%
- Hourly earnings 1.1% vs 0.8% prior y/y
Overall, inflation as expected and no shocks but good news from wages.
USD not doing very much on this anyway. USDJPY 108.31, EURUSD 1.1524.
As you might have guessed, cheaper oil prices are behind the softer CPI and some of that is already feeding into the core numbers via lower air fairs.
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Latest posts by Ryan Littlestone (see all)
- US NFP competition – Do you think there’s going to be a turn in the US jobs market? - August 31, 2022
- The “all you need” Fed preview - July 27, 2022
- Kick your summer off with our NFP competition! - July 4, 2022