Wednesday , 6 November 2024
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US September CPI 2.4% y/y versus 2.3% expected

  • Prior was +2.5% y/y
  • m/m reading at +0.2% vs +0.1% expected
  • Month-over-month unrounded +0.1604% vs +0.081% prior

Core measures:

  • Core CPI +3.3% vs +3.2% expected
  • Core CPI m/m +0.3% vs +0.2% expected
  • Core unrounded +0.3124% vs +1549% m/m
  • Real weekly earnings -0.1% vs +0.5% prior
  • Core services ex shelter +0.554% vs +0.239% prior
  • Core-CPI services ex-rent/OER +0.404% vs +0.328%
    prior

These are hot numbers and will further underpin the ongoing US dollar rally but the market is also noting the jump in initial jobless claims at 258K compared to 230K prior. That’s likely hurricane impacted though.

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

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