He Consumer Price Index (CPI) of the United States has fallen four tenths in the annual reading for February, standing at the 6% versus 6.4% in January, as expected. The indicator falls for the eighth consecutive month and shows the lowest annual inflation rate since September 2021.
The monthly CPI has grown at a rate of 0.4%, fulfilling forecasts, after growing at 0.5% the previous month.
The Underlying inflationwhich excludes power and energy, has dropped one tenth, marking 5.5% compared to 5.6% in January, its lowest level since December 2022. The result has been in line with consensus expectations. He Core monthly CPI, however, has risen to 0.5% from 0.4% prior and forecast.
USD Reaction
He Dollar Index (DXY) has staged a rebound of more than 40 pips after the data, initially falling to around 103.50, the new low of the day, and then rising to 103.93. At time of writing, the greenback is trading above 103.76, gaining 0.14% daily.
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.
