United States publish inflation data

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The United States Bureau of Labor Statistics has just published the monthly inflation data sets. The release consists of US Consumer Price index m/m, Consumer Price Index y/y and Core Consumer Price Index m/m changes in percent.

The markets had already priced in inflation and market consensus forecasts were compiled. Due to this reason, the US Dollar value adjusts to the actual numbers being higher or lower. Higher numbers indicate that the Federal Reserve should tighten policy and strengthen the USD. Lower numbers signal that monetary easing could be done.

US Consumer Price index m/m was forecast to have increased 0.4%. The actual number hit the forecast. Consumer Price Index y/y was forecast to have increased 5.0%. The actual data was 4.9%. Core Consumer Price Index m/m was forecast to have increased 0.3%. Core inflation beat forecast by increasing 0.4%.

The Dollar Index reacted to the initial publication with an immediate move downwards.
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Today, the US Consumer Price Index data release at 12:30 GMT is set to impact the financial markets. Market participants are about to look at whether the inflation data sets will show a decline in the pace of price increases in the United States or a decrease. In general, higher than expected inflation is expected to pressure the US Federal Reserve

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