The BLS released benchmark revisions:
- Revisions reflect updated seasonal adjustment factors
- Ex food and energy +0.4% vs +0.3% previously
Be careful trading on this headline as a number of months last year were likely revised. I'll track down the details.
This is also a reminder that in next week's CPI report, the BLS will change the weights of various items in a move that now happens every year to reflect shifting consumer preferences.
