wrapper

US CPI declined by 0.3% in November

Wednesday, Dec 17 2014
US Consumer Price Index declined 0.3% in November on a seasonally adjusted basis. Analysts were predicting 0.1% decrease. Over the last 12 months, the all items index increased 1.3y% before seasonal adjustment. The gasoline index posted its sharpest decline since December 2008 and was the main cause of the decrease in the seasonally adjusted all items index. The indexes for fuel oil and natural gas also declined, and the energy index fell 3.8%. The food index rose 0.2% with major grocery store food groups mixed.
 
The index for all items less food and energy, so called Core CPI, increased 0.1% in November, in line with market forecasts. The shelter index rose 0.3%, and the indexes for medical care, airline fares, and alcoholic beverages also rose. In contrast, the indexes for apparel, used cars and trucks, recreation, household furnishings and operations, personal care, and new vehicles all declined in November.
 
Data did not have any major impact on the market as it would usually have, with traders being cautious ahead of FOMC interest rate decision and the following statement scheduled for a release later today. Euro is currently being traded few points above 1.2460 level, Sterling is around 1.5720 area, while Aussie is slightly below 0.82 handle.
More in this category: « BoE left interest rates unchanged opting for stronger wage growth Fed left interest rates unchanged »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.