March US CPI prices fall further than expected

  • Prior was +2.3%
  • Consensus estimate was +1.6%
  • Prices -0.4% m/m vs -0.3% expected
  • Ex food and energy +2.1% y/y vs +2.3% expected
  • Ex food and energy -0.1% vs +0.1% expected
  • Real average weekly earnings +0.7% y/y vs +0.7% prior
  • Real average hourly earnings +1.6% y/y vs +0.6% prior