Details of the February 2017 US CPI data report 15 March 2017
– Core 2.2% vs 2.2% y/y. Prior 2.3%
– Real average weekly earnings -0.3% vs -0.5% prior y/y
– 0.1% vs -0.4% prior m/m
Now we’re seeing inflation taking off. The buck is higher even though we matched expectations. The core is a pip softer so that should keep inflation hawks closer to the ground.