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.
posted by Kalin Tasev @ 8:14 AM
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