US CPI for November 2020

  • CPI MoM 0.2% vs. 0.1% estimate
  • ex food and energy 0.2% vs. 0.1% estimate
  • CPI YOY 1.2% vs. 1.1% estimate
  • CPI YOY ex food and energy 1.6% vs. 1.5% estimate
  • real average hourly earnings year on year remains unchanged at 3.2%
  • real average weekly earnings year on year 4.7% vs. 4.4%

CPI was a smidge higher than expectations but still well below levels of inflation targeted by the Fed.