U.S. Consumer Prices Fall On Energy Collapse
20 January 2016 - 7:49PM
RTTF2
U.S. consumer prices dipped slightly in December amid plunging
oil prices and a strong US dollar, fresh government data showed
Wednesday.
This came as a surprise to economists, who had expected the
measure to remain flat.
The U.S. Department of Labor reported that its consumer price
index, a key gauge of retail inflation, slipped 0.1 percent for
December.
Still, the CPI increased 0.7 percent annually through December,
the biggest increase in a year.
Core consumer prices, a figure that strips out the volatile food
and energy sectors, advanced by only 0.1 percent.
Economists projected another 0.2 percent increase after similar
increases the previous three months.
With consumer prices remaining below their target for inflation,
the Federal Reserve will likely leave interest rates on hold for
some time.
US Dollar vs BRL (FX:USDBRL)
Forex Chart
From Sep 2024 to Oct 2024
US Dollar vs BRL (FX:USDBRL)
Forex Chart
From Oct 2023 to Oct 2024