US: Annual core CPI remains steady at 1.2% in June vs. 1.1% expected
|- Annual core CPI in the US came in slightly higher than expected in June.
- US Dollar Index stays quiet below 96.50 after the data.
Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.6% on a monthly basis in June, the report published by the US Bureau of Labor Statistics showed on Tuesday. On a yearly basis, the CPI rose from 0.1% to 0.6% as expected.
Further details of the publication revealed that the annual core CPI, which strips volatile food and energy prices, stayed unchanged at 1.2% and came in slightly higher than analysts' estimate of 1.1%.
Market reaction
The US Dollar Index paid little to no mind to these figures and was last seen losing 0.14% on the day at 96.39.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.