US CPI decreased by 0.4%
US CPI decreased 0.4% in December on a seasonally adjusted basis. Analysts were forecasting 0.3% decline. Over the last 12 months, the all items index increased 0.8% before seasonal adjustment.
The gasoline index continued to fall sharply, declining 9.4% and leading to the decrease in the seasonally adjusted all items index. The fuel oil index also fell sharply, and the energy index posted its largest one-month decline since December 2008, although the indexes for natural gas and for electricity both increased. The food index, in contrast, rose 0.3%, its largest increase since September.
Core CPI was unchanged in December, following a 0.2% increase in October and a 0.1% rise in November. Analysts were predicting 0.1% rise.
Despite weaker than expected figures data did not have any major negative impact in USD. Euro is currently being traded around 1.1590 area, Sterling is few points above 1.5270 level, while Aussie is slightly below 0.82 handle. Later today, Industrial Production and Consumer Sentiment figures are scheduled for a release.
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