US inflation data report for June 2015

  • Prior 0.1%
  • 0.3% vs 0.3% exp m/m. Prio r0.4%
  • Core 1.8% vs 1.8% exp y/y. Prior 1.7%
  • 0.2% vs 0.2% exp m/m. prior 0.1%
  • Real weekly earnings -0.3% vs -0.1% prior. Revised to -0.2%
  • 1.8% vs 2.3% prior. Revised to 2.2%

Nothing to get excited about in inflation but the tick up in the core is the takeaway. There is bad news for earnings with yet another drop

CPI details

US core CPI y/y