Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 5.4% on a yearly basis in September from 5.3% in August, the US Bureau of Labor Statistics reported on Wednesday. This reading came in line with analysts' estimates. On a monthly basis, the CPI edged higher to 0.4% from 0.3%.
Further details of the publication revealed that the annual Core CPI, which excludes volatile food and energy prices, stayed unchanged at 4% as expected.
Expectations:
https://twitter.com/zerohedge/status/1448264925114142722
CPI 0.4%, Exp. 0.3%
CPI Core 0.2%, Exp. 0.2%
CPI Y/Y 5.4%, Exp. 5.3%
CPI Core Y/Y 4.0%, Exp. 4.0%
Market reaction:
With the initial reaction, the US Dollar Index erased a portion of its daily losses and was last seen losing 0.13% on the day at 94.39.
Submitted October 13, 2021 at 08:47AM by Ok_Context_35612 https://ift.tt/3FGiuyx
