He United States Consumer Price Index (CPI) has surprised with higher than expected figures for the month of December, as published by the US Bureau of Labor Statistics.
He General CPI has grown by 3.4% annually in December, above the 3.1% in November and the 3.2% expected by the market. This is the highest rate recorded in the last three months.
On a monthly level, inflation has grown by 0.3%, exceeding the previous 0.1% and the estimated 0.2% by the experts.
He Underlying CPIwhich excludes volatile elements such as energy and food, has stood at 3.9% annuallyone tenth below the previous 4%. The figure disappoints consensus expectations, since a reduction to 3.8% was expected. Monthly, core inflation has maintained its growth at 0.3%, as expected.
dollar reaction
He Dollar Index (DXY) has shot up after the data, since the rise in inflation may delay the rate cuts of the United States Federal Reserve, which has initially given wings to the greenback. The dollar has shot up from the 102.20/102.25 zone to 102.63, a new daily high, but the movement has quickly lost momentum. At the time of writing, the DXY is trading above 102.40, gaining a slight 0.05% 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.