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US CPI unexpectedly decreased in December

Wednesday, Jan 20 2016
US Consumer Price Index declined 0.1% in December on a seasonally adjusted basis. Analysts were predicting 0.1% increase. Over the last 12 months, the all items index increased 0.7% before seasonal adjustment. The indexes for energy and food both declined for the second month in a row, leading to the decline in the seasonally adjusted all items index. The energy index fell 2.4% as all major component energy indexes declined. The food index fell 0.2% as the index for food at home decreased 0.5%, led by a sharp decline in the index for meats, poultry, fish, and eggs.  
The index for all items less food and energy rose 0.1% in December, its smallest increase since August. The index for shelter continued to rise, and the indexes for medical care, household furnishings and operations, motor vehicle insurance, education, used cars and trucks, and tobacco also increased in December. However, a number of indexes declined, including those for apparel, airline fares, personal care, new vehicles, and communication. 
 
Euro is currently being traded few points above 1.0910 level, Sterling is around 1.4170 handle, while Aussie is around 0.6860 area. Later today, Crude Oil Inventories figures are scheduled for a release.
More in this category: « UK Unemployment Rate down by 5.1% Building Permits declined by 3.9% »

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