- Annual core inflation in the US came in lower than expected in October.
- US Dollar ındex stays below 93.00 after the data.
Inflation in the US, as measured by the Consumer Price Index (CPI), was 0% in October, the report published by the US Bureau of Labor Statistics showed on Thursday. On a yearly basis, the CPI declined to 1.2% from 1.4% in September.
Further details of the publication revealed that the annual Core CPI, which excludes volatile food and energy prices, declined to 1.6% and fell short of the analysts’ estimate of 1.8%.
Market reaction
The US Dollar Index edged lower from session highs and was last seen posting small daily losses at 92.94.
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