US: Annual core CPI ticks down to 2.1% in February

Eren Sengezer FXStreet

According to the data published by the U.S. Bureau of Labor Statistics on Tuesday, Consumer Price Index (CPI) rose 0.2% and 1.5% on a monthly and yearly basis, respectively. Moreover, the core-CPI, which excludes volatile food and energy prices, ticked down to 2.1% annually from 2.2% recorded in January on the back of a 0.1% monthly increase and both readings came in slightly below the market expectations.

With the initial reaction to the data, the US Dollar Index lost its traction and retreated from its session highs. As of writing, the index was up 0.12% on the day at 97.06.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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