- Annual core CPI in the US came in slightly higher than expected in June.
- US Dollar Index stays quiet below 96.50 after the data.
Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.6% on a monthly basis in June, the report published by the US Bureau of Labor Statistics showed on Tuesday. On a yearly basis, the CPI rose from 0.1% to 0.6% as expected.
Further details of the publication revealed that the annual core CPI, which strips volatile food and energy prices, stayed unchanged at 1.2% and came in slightly higher than analysts’ estimate of 1.1%.
Market reaction
The US Dollar Index paid little to no mind to these figures and was last seen losing 0.14% on the day at 96.39.
Share
