Hi guys, Welcome to the TPwithUS Forex Signal and Analysis Site! Here we share with you, the consumer Price Index or CPI for December 2023
US CPI Rises More than Forecast
Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%. Prices that consumers pay for a variety of goods and services rose more than expected in December, according to a Labor Department measure Thursday that shows inflation still holding a grip on the U.S. economy.
The consumer price index increased 0.3% for the month, higher than the 0.2% estimate at a time when most economists and policymakers see inflationary pressures easing. On a 12-month basis, the CPI closed 2023 up 3.4%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 3.2%.
Excluding volatile food and energy prices, so-called core CPI increased 0.3% for the month and 3.9% from a year ago, compared to respective estimates of 0.3% and 3.8%.
Thanks for reading the Forex analysis about the Consumer Price Index for December 2023 with us, Be informed by the TPwithUS team, and take profit with us in the Forex market.
