BREAKING: US inflation rate in line with expectations

2:37 PM 10 March 2021

Annual inflation rate in the US  rose to 1.7%% in February from 1.4% in the previous month, in line with market expectations of 1.7%.  US core consumer price inflation, which excludes volatile items such as food and energy, fell to  1.3% in February from 1.4% in January and below market expectations of 1.4 %.

On a monthly basis, Consumer prices went up  to 0.4 % in February following  0.3% rise in January, in line with market forecasts of 0.4% increase . Core consumer prices, which exclude volatile items such as food and energy,fell  to 0.1 % in January, missing  market expectations of a 0.2 % advance.

EURUSD broke above the 1.1905 resistance after  today's data releases. Source:xStation5  

 

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