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US CPI increased by 0.2%

Friday, Jul 15 2016
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index rose 1.0% before seasonal adjustment. For the second consecutive month, increases in the indexes for energy and all items less food and energy more than offset a decline in the food index to result in the seasonally adjusted all items increase. The food index fell 0.1%, with the food at home index declining 0.3%. The energy index rose 1.3%, due mainly to a 3.3% increase in the gasoline index; the indexes for natural gas and electricity declined. 
Sales at U.S. retailers rose more than forecast last month in a broad advance that shows consumers delivered for the economy in the second quarter. The 0.6% increase in June retail receipts exceeded the highest estimate in a Bloomberg survey and followed a 0.2% gain the previous month that was smaller than previously estimated, Commerce Department figures showed Friday. So-called core sales, used to calculate gross domestic product, rose a larger-than-projected 0.5% for a second month.
 
Euro is currently being traded few points above 1.1070 area, Sterling is at 1.3240 level, while Aussie is around 0.7580 level.
More in this category: « Eurozone Final CPI was 0.1% in June US Consumer Sentiment fell to 89.5 »

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