US May CPI +0.2% m/m vs +0.3% exp

16 June 2016, 15:08
Sherif Hasan
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US CPI data highlights:

  • Prior was +0.4% m/m
  • CPI ex food and energy +0.2% vs +0.2% m/m exp
  • CPI +1.0% y/y vs +1.1% exp
  • CPI ex food and energy +2.2% y/y vs +2.2% exp
  • Prior ex food and energy +2.1% y/y

One notable comment from Yellen in the press conference yesterday was that she expected core inflation to rise to 2% in 2-3 years. That's measuring with the PCE index, which has diverged from CPI. Either way, that's a long timeline for hitting the Fed target.

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