Details of the February 2017 US CPI data report 15 March 2017

  • Prior 2.5%

  • Core 2.2% vs 2.2% y/y. Prior 2.3%
  • Real average weekly earnings -0.3% vs -0.5% prior y/y
  • 0.1% vs -0.4% prior m/m

  • Real hourly earnings 0.0% vs 0.1% prior m/m

Now we're seeing inflation taking off. The buck is higher even though we matched expectations. The core is a pip softer so that should keep inflation hawks closer to the ground.

Wages post another y/y negative but not as bad as last month, and it did gain on the month in Feb, though nothing purse busting.

With retail sales largely matching expectations too, the buck is higher on the fact there's nothing here to stop a hike.

Us CPI & core y/y