Inflation is recuperating well in the US

US Inflation Remained High Again in July

Posted Wednesday, August 12, 2020 by
Skerdian Meta • 1 min read

Inflation turned negative in the US during March, April and May, declining by 0.4%,0.8% and 0.1% respectively, as consumer demand declined during those months. But, in June we saw a reversal and a 0.6% bounce for headline CPI (consumer price index) and by 0.2% for the core CPI. Although, headline CPI was expected to cool off to 0.3% in June, while core CPI was expected to remain unchanged at 0.2%. But, they both came at 0.6%, which is a positive thing when the uncertainly remains high.

   US July 2020 CPI Inflation Report

  • July CPI +0.6% vs +0.3% expected
  • June was +0.6%
  • Core CPI, ex food and energy +0.6% vs +0.2% expected
  • CPI YoY +1.0% vs +0.7% expected
  • Core CPI YoY, ex food and energy +1.6% vs +1.1% expected

Treasury yields are at the highs of the day on this. US 5-year yields rose to 0.307% from 0.295%. The USD should have increased, but it declined after that report, with EUR/USD jumping 30 pips higher. Although, EUR/USD is slowly retreating lower now.


Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments