⚡Crypto Alert : Altcoins are up 28% in just last month! Unlock gains and start trading now - Click Here
US CPI Inflation Softens in January
Inflation picked up in the US after the dip early in 2020 due to the dive in crude Oil prices. It came back, but core CPI (consumer price index) fell flat in October at 0.0%. It increased again,but today’s report is showing another flatlining for core CPI, while headline CPI MoM increased by 0.3%. The annualized numbers were alo weak, so the USD fell through an air pocked for awhile after this report.
US January CPI Inflation Report
- January CPI YoY+1.4% vs +1.5% expected
- December CPI was +1.6%
- Core CPI YoY, excluding food and energy +1.4% vs +1.5% expected
- December core CPI YoY, excluding food and energy +1.6%
- January CPI MoM +0.3% vs +0.4% expected
- December CPI MoM reading was +0.2%
- Core CPI MoM ex-food and energy 0.0% vs +0.2% expected
Wage data:
- Real avg hourly earnings YoY +6.1% vs +5.3% prior
- Real avg weekly earnings YoY +4.0% vs +4.1% prior
It’s only one tick to the downside but with inflation worries starting to pick up, that’s a big tick. The flat core reading (for the second month) is also soothing for the market. Treasury yields are fractionally lower today and we have a 10-year sale later.
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
Comments
Subscribe
Login
0 Comments