- Inflation shows figures in line with expectations in December.
- Consumer Price Index fell 0.1% in December.
- The dollar falls after the figures.
The US inflation data showed no surprises in the market. Prices continue to slow down the rise and in fact the Consumer’s price index (CPI) in December registered a decrease of 0.1%, against the expectation that it would remain unchanged. The annual rate went from 7.1% in November to 6.5% in December, matching the market consensus. It is the lowest rate since October 2021.
The underlying CPI, without taking food or energy into account, had a rise of 0.3% in December, the same as expected. Compared to twelve months ago, the rise was 5.7%, less than the 6% of November
The dollar it reacted with a slight rise in the market, possibly due to the expectation of a negative surprise in the inflation data that did not occur, but after a few minutes it resumed its bearish course.
At the same time, the weekly report on requests for unemployment benefits was published. Federal income and expenses for December will be released later on Thursday.
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.
