Wednesday, February 21, 2007

Forex News: 21.02.2007 U.S. CPI rose by 0.2% in January

U.S. consumer prices increased 0.2% in January, led by large increases in food, medical care and tobacco prices.

Core inflation, which ignores movements in food and energy prices, rose 0.3% in January.

The greater-than-expected consumer price index could lessen the odds that the Federal Reserve would cut interest rates. The CPI is up 2.1% in the past 12 months.

Economists were looking for a 0.1% gain on the CPI and for a 0.2% gain on the core CPI.


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