The US consumer price index for August 2015:
–
Prior m/m CPI rise was +0.1%
– CPI +0.2% y/y vs +0.2% expected
– Core CPI +0.1% vs +0.1% expected
– Core CPI 1.8% y/y vs 1.9% expected
The numbers are close to expectations but there was some talk about stronger figures ahead of the release and that proved to be wishful thinking. The good news for the hawks was on the wage side where it showed a slight uptick despite some downward revisions.