August US CPI data
- Prior was 1.7% y/y
- Ex-food and energy 2.2% vs 1.7% exp
- Avg weekly earnings +0.5% y/y vs +0.1% prior
- Avg hourly earnings +0.2% vs -0.1% prior
Month-over-month data:
- CPI 0.2% vs 0.3% exp
- Prior +0.2%
- Ex food and energy +0.1% vs +0.3% exp
- Prior ex food and energy +0.2%
Weak numbers across the board. Wages rebounded after a drop in July but +0.5% wage growth isn't exactly stoking inflation.