Dollar firms up after US Consumer Prices come in unchanged from January

The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in
January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics
reported today.  Over the last 12 months, the all items index increased
1.6 percent before seasonal adjustment.

The energy index declined for the third consecutive month, offsetting increases
in the indexes for all items less food and energy and for food. All the major
energy component indexes declined in January, with the gasoline index falling
5.5 percent. The food index increased 0.2 percent, with the index for food at
home rising 0.1 percent and the food away from home index increasing 0.3 percent. 

The index for all items less food and energy increased 0.2 percent in January
for the fourth consecutive month. The indexes for shelter, apparel, medical care,
recreation, and household furnishings and operations were among the indexes that
rose in January, while the indexes for airline fares and for motor vehicle
insurance declined.   

The all items index increased 1.6 percent for the 12 months ending January, the
smallest increase since the period ending June 2017. The index for all items
less food and energy rose 2.2 percent over the last 12 months, the same increase
as the 12 months ending November and December 2018. The food index rose
1.6 percent over the past year, while the energy index declined 4.8 percent. 

Bureau of Labor Statistics

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.

Ed Moya

Ed Moya

Senior Market Analyst, The Americas at OANDA
With more than 20 years’ trading experience, Ed Moya is a senior market analyst with OANDA, producing up-to-the-minute intermarket analysis, coverage of geopolitical events, central bank policies and market reaction to corporate news. His particular expertise lies across a wide range of asset classes including FX, commodities, fixed income, stocks and cryptocurrencies. Over the course of his career, Ed has worked with some of the leading forex brokerages, research teams and news departments on Wall Street including Global Forex Trading, FX Solutions and Trading Advantage. Most recently he worked with, where he provided market analysis on economic data and corporate news. Based in New York, Ed is a regular guest on several major financial television networks including CNBC, Bloomberg TV, Yahoo! Finance Live, Fox Business and Sky TV. His views are trusted by the world’s most renowned global newswires including Reuters, Bloomberg and the Associated Press, and he is regularly quoted in leading publications such as MSN, MarketWatch, Forbes, Breitbart, The New York Times and The Wall Street Journal. Ed holds a BA in Economics from Rutgers University.
Ed Moya