He The US Consumer Price Index (CPI) has moderated by one-tenth in the annual reading for July, standing at 2.9% compared with 3% in June, its lowest level in 40 months, according to the US Department of Labor. The figure is in line with market expectations.
On a monthly basis, the CPI rose 0.2% after falling 0.1% the previous month, as expected.
Inflation excluding food and energy, the so-called core CPI, eased to 3.2% from 3.3% previously, its lowest level in 39 months, as expected. The monthly indicator rose 0.2% from 0.1% in the previous month.
Dollar reaction
He Dollar Index (DXY) The dollar has reacted with a rebound following the release, initially falling to 102.38, its lowest level in nine days, before rebounding to 102.64. At the time of writing, the greenback is hovering around 102.57, losing 0.04% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
