US CPI for July MoM 0.2% vs. 0.2% exp. Core 0.2% vs. 0.2% exp.

US CPI for the month of July

• CPI MoM 0.2% vs 0.2% exp
• CPI ex food and energy MoM 0.2% vs. 0.2% exp
• CPI YoY 2.9% vs 2.9% exp
• CPI ex food and energy YoY 2.4% vs 2.3%
• Real average weekly earnings 0.1% YoY vs 0.5% last
• Real average earnings YoY -0.2% vs. 0.0% last

The US CPI data for the month of July came in mostly as expected. The only "surprise" was core at 2.4% vs 2.3% expected. That may have been a rounding.

Details from the BLS say:

"The index for shelter rose 0.3 percent in July and accounted for nearly 60 percent of the seasonally adjusted monthly increase in the all items index. The food index rose slightly in July, with major grocery store food group indexes mixed. The energy index fell 0.5 percent, as all the major component indexes declined."

They add:

"The all items index rose 2.9 percent for the 12 months ending July, the same increase as for the period ending June. The index for all items less food and energy rose 2.4 percent for the 12 months ending July; this was the largest 12-month increase since the period ending September 2008. The food index increased 1.4 percent over the last 12 months, and the energy index rose 12.1 percent. "