Consumer Price Index 10/3/2021

This article includes an explanation of the core CPI in the United States and its importance, with a look at previous data and expectations for today's data with its impact on the market and inflation, and what the Fed is waiting for from these data to fight inflation

This indicator is derived from the Consumer Price Index, and measures the change in the prices of goods and services excluding foodstuffs and energy.
The Consumer Price Index measures the change in prices from the point of view of the consumer
It is a primary means of measuring changes in purchasing trends and inflation rates in the United States

Core PCE prices in the US excluding food and energy increased 0.5% per month in January of 2022, the same as in the previous two months and in line with market expectations. The annual rate accelerated to 5.2%, the highest level since April 1983 and slightly above market expectations of 5.1%, indicating continued inflationary pressures.

Estimate for today's data 0.5%

If the data was released above expectations, it will positively affect the currency, as well as the results show the inflation situation in the United States, as a result of this data affected the Fed’s decision to raise interest rates if it was negative, so it accelerates and supports raising interest rates.

The index will be released at 3:30 pm Beirut time

Tags : USD