Investing.com – Core consumer price inflation in the U.S. rose broadly in line with market expectations in July, official data showed on Thursday.
In a report, the Bureau of Labor Statistics said that consumer prices, less food and energy rose by 0.2% in July, in line with expectations, after rising by 0.3% in June.
Core consumer prices rose at an annualized rate of 1.8% after accelerating at a rate of 1.6% in June and above expectations for a 1.7% gain.
Consumer prices including food and energy costs rose 0.5% in last month, after declining by 0.2% in June.
Analysts had expected consumer price inflation to ease up by 0.2% in July.
Consumer prices increased at annualized rate of 3.6% in last month, exceeding forecasts for a 3.3% increase.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.28% to trade at 1.4388.
Meanwhile, U.S. stock index futures added to steep losses following the data.
The Dow Jones Industrial Average futures indicated a drop of 1.95%, S&P 500 futures tumbled 2.35%, while the Nasdaq 100 futures sank 2.3%.
In a report, the Bureau of Labor Statistics said that consumer prices, less food and energy rose by 0.2% in July, in line with expectations, after rising by 0.3% in June.
Core consumer prices rose at an annualized rate of 1.8% after accelerating at a rate of 1.6% in June and above expectations for a 1.7% gain.
Consumer prices including food and energy costs rose 0.5% in last month, after declining by 0.2% in June.
Analysts had expected consumer price inflation to ease up by 0.2% in July.
Consumer prices increased at annualized rate of 3.6% in last month, exceeding forecasts for a 3.3% increase.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.28% to trade at 1.4388.
Meanwhile, U.S. stock index futures added to steep losses following the data.
The Dow Jones Industrial Average futures indicated a drop of 1.95%, S&P 500 futures tumbled 2.35%, while the Nasdaq 100 futures sank 2.3%.