- Prior was +7.7%
- m/m CPI % vs +0.3% expected
- Prior m/m reading was +0.4%
- Real weekly earnings % vs -0.1% prior
Core inflation:
- Ex food and energy +% vs +6.1% y/y expected
- Prior ex food and energy +6.3%
- Core m/m +% vs +0.3% exp
- Prior core m/m +0.4%
The previous report surprised to the downside and led to a +7% rally in the Nasdaq and a big drop in the US dollar.
