US consumer inflation release

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


The monthly publication of the United States Consumer Price Index has revealed that inflation remains at previous levels, despite the markets expecting a slight decrease.

US Dollar index reacted to the news with an immediate spike upwards. However, note that the yesterday's higher than expected Producer Price Index also caused an initial move upwards. After the publication, the USD declined.

The month on month CPI was expected to have increased by 0.3%. Actual increase was 0.4%.

The annual CPI was forecast to show a reading of 3.6%. However, annual inflation is 3.7%

Meanwhile, the markets expected the monthly core Consumer Price Index to have increased by 0.3%. The forecast was hit.
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