US May CPI +4.2% vs +4.2% y/y expected
Headline CPI:
- Prior was +3.8
- m/m reading at +0.5% vs +0.5% expected
- Month-over-month unrounded +% vs -0.088% prior
- Unrounded headline vs +3.811% prior
Core measures:
- Core CPI m/m +0.2 vs +0.3% expected. Last month +0.4%
- Unrounded core +0.208%
- Core CPI y/y +2.9 vs +2.9% expected. Last month was +2.8%
- Unrounded core vs +2.750% prior
- Real weekly earnings vs -0.2% prior
- Shelter vs +0.6% last month
- Shelter y/y
- Services less energy services m/m vs +0.5% prior
- Services less energy services y/y
- Food m/m vs +0.5% m/m prior
- Food y/y
- Energy m/m vs +3.8% m/m prior
- Energy y/y
- Rents m/m vs +0.5% prior
- Owner’s equivalent rent vs +0.5% prior
- Gasoline m/m vs +5.4% prior
- Used cars and trucks m/m vs 0.0% prior
- New vehicles m/m vs -0.2% prior
- Airline fares m/m vs +2.8% prior
- Lodging away from home m/m
- Apparel m/m vs +0.6% prior
- Medical care services m/m vs 0.0% prior
- Medical care commodities m/m vs -0.4% prior
- Hospital services m/m
- Motor vehicle insurance m/m vs +0.1% prior
Ahead of the report, the market was pricing in 11.7 bps of rate hikes for September and 25.3 bps for December.
This article was written by Adam Button at investinglive.com.