Breaking News: US November CPI +7.1% y/y vs +7.3% expected

• 13 December 2022, 15:30

   

  • 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.