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.