🎈🇺🇸 Economic Surprise: U.S. Inflation Rate

U.S. July 2022 CPI:

• Median Headline: 8.7%, Core: 6.1%

• Prev. Headline: 9.1%, Core: 5.9%

• Headline inflation has beat forecast for four straights months into the June release

• Data surprises have been above one standard deviations for the last three releases

• The one year std-dev in headline data surprises stands at 0.16%. With the consensus expecting a 8.7%, 1+std is 8.9%, 1-std is 8.6%