US: Easing inflation? – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that the US headline CPI rose 0.2% MoM in December, below the 0.3% consensus.

Key Quotes

“More important for markets, core prices rose just 0.1% m/m (0.113% before rounding), below expectations at 0.2%. The 12-month change in core prices remained at 2.3%, consistent with the pace for the Fed's preferred core PCE measure remaining below 2%.”

“Within core prices, weakness was led by declines in airfares (-1.6% m/m), used vehicles (-0.8% m/m) and lodging away from home (-1.8% m/m), but the key rental components were slightly on the soft side as well.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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