US May CPI +1.8% y/y vs +1.9% y/y expected

Author: Adam Button | Category: News

US CPI for May 2019:

CPI y-y
  • Prior was +2.0% y/y
  • Ex food and energy +2.0% vs +2.1% expected
  • Prior ex food and energy +2.1%
M/M readings:
  • CPI +0.1% vs +0.1% expected
  • Prior CPI +0.3%
  • Ex food and energy +0.1% vs +0.2% expected
  • Prior ex food and energy +0.1%
Earnings:
  • Avg hourly earnings +1.3% vs +1.2% prior
  • Avg weekly earnings +1.0% vs +0.9%
This is another miss on US inflation and raises more questions about cutting rates. US 2-year yields dipped to 1.88% from 1.90% on the report and USD/JPY ticked lower.
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