Details from the October 2016 US CPI data report 17 November 2016
– Core 2.1% vs 2.2% exp y/y. Prior 2.2%
– Real average weekly earnings 0.0% vs 0.2% prior m/m. Revised to 0.3%
Headline up, core down and flat wages on the month. Not a bad report but if the market was looking for stronger numbers, they might be disappointed with this.