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US CPI stayed unchanged in January, core rises

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The official data released in the US showed the cost of living as measured by the consumer price index (CPI) stayed in January following a 0.1% decline in December.

    Core rises by most in four years

    Core inflation, which strips out volatile food and energy component, rose 0.3% m/m bettering the estimated rise of 0.2%. The rise was the biggest in four years.

    The annualized core figure also bettered estimates by printing at 2.2%. Meanwhile, the headline annualized figure printed at 1.4%, compared to the expected figure of 1.3%.

    The data indicates labor market tightening and wag gains is translating into higher domestic demand and inflationary pressures.
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