November CPI +0.3% Above Expected, Core.....>

US DATA: November CPI +0.3% Above Expected, Core At-Expected +0.2% 

-------------------------------------------------------------------

- Headline CPI +0.3% vs expectation for +0.2%; unrounded 0.258%

- Core CPI +0.2% vs +0.2% expected, unrounded 0.230% 

- Core CPI Y/Y rate +2.3%; headline CPI +2.1% Y/Y 

- Apparel +0.1% after declines seen in Fall, owners' equiv rents +0.2%

----------------------------------------------------------------------

Headline CPI outpaced expectations again in November, climbing above the 

Fed's 2% y/y target for the first time since Nov 2018, pushed by a 0.3% 

m/m gain. This will undoubtedly be eyed by the Fed, who announce their 

latest policy decision later Weds, while also published the latest SEPs. 

Core CPI rose 0.2% m/m, as in October, while y/y core inflation was 

unchanged at +2.3%. Real earnings were unchanged in November for a third 

straight month, but showed a 1.1% gain on Nov 2018.