Breaking: US annual CPI inflation jumps to multi-decade high of 9.1% in June

FXStreet Team FXStreet

Inflation in the US, as measured by the Consumer Price Index (CPI), jumped to its highest level in four decades at 9.1% on a yearly basis in June from 8.6% in May, the data published by the US Bureau of Labor Statistics showed on Wednesday. This print came in higher than the market expectation of 8.8%.

The Core CPI, which excludes volatile food and energy prices, edged lower to 5.9% in the same period from 6% but still surpassed analysts' forecast of 5.8%.

Follow our live coverage of market reaction to US inflation data.

Market reaction

The US Dollar Index regained its traction after hot inflation data and was last seen posting small daily gains at 108.35.

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FXStreet

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