BREAKING: US CPI inflation soars to 5% YoY in May

The widely watched US CPI inflation for April has just been released. The data came in above expectations as the headline inflation rose to 5% YoY in May vs expected 4.7% YoY. That is a rapid increase compared to 4.2% YoY print last month. The Core CPI figure came in above the consensus estimate as well as it amounted to 3.8% YoY (vs exp. 3.4% YoY).

US100, which may be seen as the most sensitive to US inflation fears, fell slightly after the CPI data release. Source: xStation5

EURUSD pair fell after today's data releases however sellers failed to break below support level at 1.2150 Source:xStation5

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