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US CPI up by 0.4%

Tuesday, May 17 2016
US CPI increased 0.4% in April on a seasonally adjusted basis, beating forecasts on 0.3% incline. Over the last 12 months, the all items index rose 1.1% before seasonal adjustment. The seasonally adjusted all items increase was broad-based, with the indexes for food, energy, and all items less food and energy all rising in April. The food index rose 0.2% after declining in March, with the food at home index increasing slightly. The index for energy increased 3.4%, with the gasoline index rising 8.1%, and the indexes for fuel oil and natural gas also advancing.
The index for all items less food and energy increased 0.2% in April. The shelter index rose 0.3%, as did the index for medical care, and the indexes for motor vehicle insurance, airline fares, recreation, and education increased as well. Several other component indexes increased slightly, including those for alcoholic beverages, tobacco, and personal care. In contrast, the indexes for household furnishings and operations, apparel, new vehicles, used cars and trucks, and communication all declined. 
 
Euro is currently being traded few points above 1.1310 level, Sterling is around 1.4460 handle, while Aussie is at 0.73 area. Later today, Industrial Production figures are scheduled for a release.
More in this category: « Building Permits at an annual rate of 1.12 million US Industrial Production increased by 0.7% »

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