US June CPI +0.2% m/m versus +0.2% m/m expected

<ul><li>Prior m/m +0.2%</li><li>CPI m/m +0.2% versus +0.2% expected (+0.17% unrounded)</li><li>CPI y/y 3.2% versus 3.3% expected</li><li>Prior y/y 3.0%</li></ul><p>Core measures:</p><ul><li>Core CPI m/m +0.2% versus +0.2% expected. Last month 0.2%</li><li>Unrounded core at +0.16%</li><li>Core CPI y/y 4.7% versus 4.8% expected. Last month was 4.8%</li><li>Shelter % versus 0.4% last month. Year on year % versus 7.8% last month</li><li>Real weekly earnings month to month % versus +0.5% last month</li><li>Services less rent and shelter +0.2% m/m vs +0.2% prior</li></ul><p>The market was pricing in a 13% chance of a Fed hike at the September meeting and around 35% for November.</p>

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