United States publish inflation data

Source: Dukascopy Bank SA


The US Bureau of Labor Statistics has just released the US monthly Consumer Price Index change. Namely, the inflation data has been published. Inflation is the main driver of the markets, as the US Federal Reserve sets the Dollar's monetary policy in accordance with its goals of combating high inflation.

The CPI month on month change was expected to be 0.2%. The number hit the forecast.

Year on year compared inflation was forecast to be a 3.3%. Actual inflation turned out to be 3.2%.

Meanwhile, the markets expected the core CPI, which excludes food and energy prices, to change by an increase of 0.2% on a monthly basis. The expectations became true.

Initially, the US CPI was at the forecasts or slightly lower, which caused a drop of the US Dollar on Thursday at 12:30 GMT. However, then the markets realized that the data has showed first growth in 13-months.
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