US retail inflation figures for April showed higher than expected numbers. The consumer price index rose 0.8% in April, while the market consensus was for a rise of 0.2%. The annual rate went from 2.6% to 4.2%, surpassing the 3.6% expected, being the highest reading since September 2008.
The underlying index it grew 0.9% in April, above the 0.3% expected. Compared to twelve months ago, it advanced 3%, well above the 2.3% of the market consensus. The monthly rise in the underlying CPI was the highest since April 1982, while the annual rise, the most significant since January 1996.
The dollar it rose sharply in the market then the inflation data marking highs on all fronts.
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