For the third straight month, the US Consumer Price Index (CPI) fell, declining 0.1 percent in June. Lower energy and food costs contributed to the loss. However, when removing volatile energy and food to look at the “core” items, CPI actually increased by 0.2 percent.
Year-to-date, core CPI has increased just 0.9 percent which is considerably lower that the Federal Reserves inflation target of 2 percent.
Source: Associated Press
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.