In December 2022, US CPI inflation was 6.5%. This is the sixth consecutive decline in the annual CPI growth rate in the US.
US CPI inflation was 6.5% in December last year, according to data released Thursday. against 7.1 percent a month earlier. On a monthly basis, prices fell 0.1%.
US inflation. 6th fall in a row
This is the sixth consecutive fall in annual growth in the United States consumer price index, following a 9.1 percent drop in June. was the highest in over 40 years.
Today’s US inflation data is in line with the market’s consensus forecast of 6.5%. The forecasts of core inflation, which amounted to 5.7% against 6%, also came true. last month.
Inflation in the US, according to Money.pl, has recently been the most important economic data in the world, which can significantly affect the behavior of financial markets in the near future. When signs emerged in early January that the next reading could be significantly lower than the previous one, euphoria reigned in the markets, during which, among other things, the yield of Polish government bonds.
“The bar is set high”
- The last two readings caused a positive reaction of the market, after which the shares rose, and the dollar fell in price. The market wants to get another upbeat news because it has become accustomed to it in recent months. So I think the bar is set high, at the risk of some disappointment - said Lukasz Zembik, an analyst at Oanda TMS Brokers, quoted by Money.pl ahead of the data release.
Source: Wprost
