• Prior +2.9%
• Core CPI +3.3% vs +3.3% y/y prelim
• Prior +3.4%

No changes to the initial estimates, so there’s not much to extrapolate from this. Although core inflation is nearing 3%, it remains a tall order to get from here back down to the 2% mark in the months ahead.

This article was written by Justin Low at www.forexlive.com.