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19 Feb 2016
US CPI stayed unchanged in January, core rises
The official data released in the US showed the cost of living as measured by the consumer price index (CPI) stayed in January following a 0.1% decline in December.
Core rises by most in four years
Core inflation, which strips out volatile food and energy component, rose 0.3% m/m bettering the estimated rise of 0.2%. The rise was the biggest in four years.
The annualized core figure also bettered estimates by printing at 2.2%. Meanwhile, the headline annualized figure printed at 1.4%, compared to the expected figure of 1.3%.
The data indicates labor market tightening and wag gains is translating into higher domestic demand and inflationary pressures.
Core rises by most in four years
Core inflation, which strips out volatile food and energy component, rose 0.3% m/m bettering the estimated rise of 0.2%. The rise was the biggest in four years.
The annualized core figure also bettered estimates by printing at 2.2%. Meanwhile, the headline annualized figure printed at 1.4%, compared to the expected figure of 1.3%.
The data indicates labor market tightening and wag gains is translating into higher domestic demand and inflationary pressures.