what is the effect of CPI on USD?
US CPI Data to Show Disinflation Handoff From Goods to Services
Monthly data on US consumer prices due Tuesday is set to show more disinflation in services following recent declines in goods prices, which will bolster the case for Federal Reserve interest-rate cuts, according to Bloomberg Economics. The Bureau of Labor Statistics report will probably show the consumer price index, and the core index excluding food and energy items, both rose 0.2% in January, Bloomberg economists Anna Wong and Stuart Paul said Monday in a preview of the release. “With goods prices having largely normalized since the pandemic, the more important drivers of disinflation this year will be housing ... (full story)
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The consumer price index (CPI) increased by 0.2% in January 2024 compared with the previous month, reaching 106.4 points (December 2020 = 100). Inflation was +1.3% compared with ...
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On Tuesday, investors will digest one of the most important data points the Federal Reserve will consider in its next interest rate decision: January's Consumer Price Index (CPI). ...
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in January on a seasonally adjusted basis, after rising 0.2 percent in December, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.1 percent before seasonal adjustment. The index for shelter continued to rise in January, increasing 0.6 percent and contributing over two thirds of the monthly all items increase. The food index increased 0.4 percent in January, as the food at home index increased 0.4 percent and the food away from home index rose 0.5 percent over the month. In contrast, the energy index fell 0.9 percent over the month due in large part to the decline in the gasoline index. The index for all items less food and energy rose 0.4 percent in January. Indexes which increased in January include shelter, motor vehicle insurance, and medical care. The index for used cars and trucks and the index for apparel were among those that decreased over the month. The all items index rose 3.1 percent for the 1Inflation: Consumer prices rise 3.1% in January, defying forecasts for a faster slowdown US consumer prices rose higher than expected in January, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. The Consumer Price Index (CPI) rose 0.3% over last month and 3.1% over the prior year in January, slightly higher than December's 0.2% month-over-month increase but a deceleration from December's 3.4% annual gain. Both measures were slightly higher compared to economist forecasts of a 0.2% month-over-month increase and a 2.9% annual increase, according to data from Bloomberg. On a "core" basis, which strips out the more volatile costs of food and gas, prices in June climbed 0.4% over the prior month and 3.9% over last year — a slight acceleration from December's monthly increase but matching the prior month's annual increase, according to Bloomberg data. post: US JANUARY CPI BREAKDOWN pic.twitter.com/VSBUM8ttde post: FED SWAPS SHIFT FULL PRICING OF RATE CUT TO JULY FROM JUNE