US Consumer Price Index Rises 0.1 Percent in January

US consumer prices were little changed in February, indicating that inflation continues to remain tame.

The consumer price index rose 0.1%, from a month earlier. That matched the increase seen in January.

Inflation in the US has remained low, held in check by slow economic growth and high unemployment.

The data comes as the US Federal Reserve begins its two-day meeting where it will release its latest monetary policy and economic outlook.

Core consumer prices, which exclude volatile food and energy costs, also rose 0.1% from a month ago, the US Labor Department said.

via BBC

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.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza