US CPI unchanged in January
The Consumer Price Index for All Urban Consumers was unchanged in January on a seasonally adjusted basis, beating forecasts on 0.1% decrease. Over the last 12 months, the all items index increased 1.4% before seasonal adjustment.
An increase in the index for all items less food and energy offset a decline in the energy index to lead to the seasonally adjusted all items index being unchanged. The energy index fell 2.8 percent as all of its major component indexes declined. The index for all items less food and energy rose 0.3% in January. The increase was broad-based, with most of the major components rising, but increases in the indexes for shelter and medical care were the largest contributors.
Euro is currently being traded few points above 1.1070 level, Sterling is around 1.4250 handle, while Aussie is around 0.7090 area.
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