US Inflation broadly in line with consensus
Posted on May 17th, 2016
- Monthly headline (0.4%mom, 1.1%yoy) and core inflation (0.2%mom, 2.1%yoy) broadly in line with market consensus.
- Inflation momentum at 2.4%.
- Sticky-price CPI (a proxy for expectations) is at 2.5%.
- Inflation expectations moving sideways and inflation compensation moving up.
Headline CPI up, core CPI down
Inflation momentum off the highs, but still at 2.4%
Inflation momentum above annual core inflation
Sticky prices suggest inflation is firming
Measures of inflation expectations and compensation