US: Annual CPI rises 1.6% in January vs 1.5% expected


According to the monthly report published by the U.S. Bureau of Labor Statistics, inflation, as measured by the Consumer Price Index (CPI) stayed unchanged for the second month in a row December and the annual rate fell to 1.56 from 1.9%. Meanwhile, the core CPI, which excludes volatile food and energy prices, rose 0.2% and 2.2% on a monthly and yearly basis, respectively.

Key takeaways from the press release

  • The energy index declined for the third consecutive month, offsetting increases in the indexes for all items less food and energy and for food.
  • The food index rose 1.6 percent over the past year, while the energy index declined 4.8 percent. 
  • The gasoline index continued to decline, falling 5.5 percent. 

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD extends slide, nears the 1.1200 figure

The shared currency is suffering from speculation the ECB will steepen easing and German Business Sentiment falling by more-than-anticipated. Upbeat US Retail Sales sent the pair further down toward the 1.1200 figure.

 

EUR/USD News

GBP/USD collapsed to fresh 2019 lows

Robust employment data fell short of supporting the Pound, badly hurt from mounting fears about a hard-Brexit, after PM’s candidates, Johnson and Hunt said that the Irish backstop is “dead” and would seek for a new daily, something the EU is not willing to do.

GBP/USD News

USD/JPY climbs to 4-day tops above 108.30, retreats on Trump comments

The USD/JPY pair gained traction in the second half of the day and rose to a fresh session high of 108.36.

USD/JPY News

Gold keeps the red near $1410 level ahead of Powell’s speech

Gold finally broke down of its consolidative trading range and tumbled to fresh session lows, below $1410 level during the early North-American session.

Gold News

Gold in search of a firm direction, stuck in a range ahead of US data/Powell

Gold lacked any firm directional bias and seesawed between tepid gains/minor losses through the mid-European session on Tuesday.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •