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US consumer prices increase by 2.3% in December


January, 14 2020
watermark Economic news

According to the US Labor Department, consumer prices in December rose 2.3% year-on-year; on a monthly basis, inflation was 0.2%. The annual indicator coincided with the analysts’ forecast, and the monthly indicator was expected at the November level of 0.3%. In November, consumer price growth accelerated by 2.1%.


Core inflation (excluding food and energy prices) in December year on year amounted to 2.3%, which coincided with analysts' forecasts. On monthly terms, a deflation of 0.1% was recorded.


This data may allow the Federal Reserve to keep interest rates unchanged for at least this year.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.