February 2019 consumer price index
- Prior was 1.6%
- Ex food and energy +2.1% vs +2.2% y/y expected
Month-over-month data:
- CPI +0.2% vs +0.2% expected
- Prior was 0.0% m/m
- Ex food and energy +0.1% vs +0.2% expected
- Prior ex food and energy +0.2%
Wages:
- Average weekly earnings +1.6% y/y vs +1.9% prior
- Real average hourly earnings +1.9% y/y vs +1.7% prior (revised to +1.6%)
The US dollar is under a bit of pressure after a modest miss on CPI but inflation isn't much of a focus on the market anymore with the Fed firmly on the sidelines.
Here's a good read: Low inflation is Federal Reserve's maddening unsolved mystery.
