July US consumer price index 1.7% vs +1.8% y/y expected

Author: Adam Button | Category: News

Highlights of the July consumer price index report

  • Prior was 1.6% y/y
  • Ex-food and energy 1.7% vs 1.7% exp
  • Avg weekly earnings +1.1% y/y vs +1.2% prior
  • Avg hourly earnings +0.7% vs +0.9% prior

Month-over-month data:

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

The dollar is down about 40 pips on the headlines.