News | Forex Optimum



U.S. consumer prices up 0.2 percent in December

The Labor Department announced on Tuesday the U.S. consumer price index (CPI) rose 0.2 percent m-o-m in December after an unrevised 0.3 percent m-o-m gain in the previous month.

Over the last 12 months, the CPI climbed 2.3 percent y-o-y last month, following an unrevised 2.1 percent m-o-m jump in the 12 months through November. That was the highest annual inflation since October 2018.

Economists had forecast the CPI to increase 0.3 percent m-o-m and 2.3 percent y-o-y in the 12-month period.

According to the report, the indexes for gasoline (+2.8 percent m-o-m), shelter (+0.2 percent m-o-m), and medical care (+0.6 percent m-o-m) all rose in December, accounting for most of the gain in the seasonally adjusted all items index. The food index also went up in December (+0.2 percent m-o-m).

Meanwhile, the core CPI excluding volatile food and fuel costs edged up 0.1 percent m-o-m in December, following a 0.2 percent m-o-m advance in the previous month.

In the 12 months through December, the core CPI surged 2.3 percent, the same pace as in the 12 months ending November.

Economists had forecast the core CPI to rise 0.2 percent m-o-m and 2.3 percent y-o-y last month.

You may also be interested:

22:57 24.01.2020
Key events for next week:: US consumer confidence indicator, Australian consumer price index, Federal reserve and Bank of England's interest rate decision, US and Canadian GDP, and China's PMI indices
On Monday. at 09:00 GMT, Germany will present the IFO business environment indicator, the IFO current situation assessment indicator, and the IFO economic expectations indicator for January. At 09:30 GMT, UK will announce a changes of mortgage approvals for December. At 15:00 GMT, the US will report changes of new home sales for December. On Tuesday, at 00:30 GMT, Australia will release the NAB business confidence index for December. At 07:00 GMT, Switzerland will announce a change of trade
18:51 24.01.2020
Risk of AUD/USD dropping toward 0.65 on a 12-month view – Rabobank
FXStreet reports that analysts at Rabobank note "the consensus view is that AUD/USD will move higher this year, extending the choppy upward bias that was in place between October and December." "In view of Australia’s trade links, the AUD is sensitive to the growth outlook in China and it is likely that the market’s optimistic outlook on the AUD was drawn from the completion of the Phase 1 trade deal between the US and China. Additionally, it is likely assumed that the appearance of some
18:26 24.01.2020
Canadian retail sales ticked up in November - RBC
According to ActionForex, analysts at RBC Financial Group notes that a 0.9% tick up in Canada's retail sales in November "breaks a string of generally softer economic data for the month after disappointing manufacturing and wholesale reports earlier this week". "It would take more reports like this one to really alter what have been lackluster trends in the retail sector, though. Excluding price impacts, volume sales were still unchanged from a year ago in November (despite a 0.7% month
Bonuses VIP