According to the data released today by the U.S. Bureau of Labor Statistics, the U.S. CPI rose 1.4% year-over-year in January, slightly below market expectations of 1.5%; the chain rose 0.3%, flatter than expected, maintaining growth for the eighth consecutive month.
In addition, the U.S. January core CPI rose 1.4% year-on-year, lower than the expected 1.5%, unchanged from the previous month.
For the subdivision data, used car prices and domestic Food prices fell from a year earlier, while energy costs and clothing prices rose the most. Among them, the growth rate of used car prices seems to have peaked.
It is worth noting that housing/rent Inflation continues to slow despite record highs in Home prices.
The U.S. 10-year Treasury yield continued to fall to a daily low of 1.15% following the release of the data.
The U.S. Dollar Index DXY was briefly 11 points lower and now stands at 90.32.
Spot Gold pulled up over $6 in the short term and is now at $1,848.35/oz.
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