US October core CPI 3.3% y/y versus 3.3% expected

Headline CPI:

Prior was +2.4% y/y
• Current y/y is +2.6%
• m/m reading at +0.2% vs +0.2% expected
• Month-over-month unrounded 0.2441 vs 0.1799% prior

Core measures:

Core CPI +3.3% vs +3.3% expected
• Core CPI m/m +0.3% vs +0.3% expected
• Core unrounded +0.2800% vs +0.3124% m/m prior
• Real weekly earnings +0.1% vs -0.1% prior (prior revised to +0.1%)
• Core services ex shelter +0.3% vs +0.554% prior
• Core-CPI services ex-rent/OER +0.2% vs +0.404% prior

The market found enough in this report to sell the US dollar. The unrounded core number and core services ex-housing are the likely catalysts and the dollar is down around 20 pips.

This article was written by Adam Button at www.forexlive.com.