US CPI rose by 0.2%
The Consumer Price Index increased 0.2% in March on a seasonally adjusted basis, in line with market forecasts. Over the last 12 months, the all items index declined 0.1%. before seasonal adjustment. Increases in the energy and shelter indexes more than offset a decline in the food index and were the main factors in the rise of the seasonally adjusted all items index.
The energy index rose 1.1% as advances in the gasoline and fuel oil indexes outweighed declines in the electricity and natural gas indexes. In contrast, the food index declined 0.2%, with the food at home index posting its largest decline since April 2009. The index for all items less food and energy rose 0.2% in March, the same increase as in January and February.
Data did not have any huge impact on the markets, with USD adding few points. Euro is currently being traded slightly below 1.08 handle Sterling is around 1.50 area, while Aussie is few points below 0.78 level. Later today, Consumer Sentiment figures are scheduled for a release.
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