The U.S Consumer Price Index did not Meet ExpectationsDeltafx Admin 19 December 2022
The Consumer Price Index (CPI) measures the annual change in prices for goods and services from the consumer’s perspective. This is an important way to measure changes in purchasing behavior and inflation.
A release of higher than expected numbers should be considered positive/bullish for the USD, while a release of lower than expected numbers should be considered negative/bearish for the USD.
The annual U.S. Consumer Price Index (CPI) was released at 1:30p.m. on December 13 at 7.1%, 0.2% below forecasts. It should also be noted that the value of the last period of this index was 7.7%.
After the release of this index, which did not meet expectations, the value of the dollar fell against the other six major currencies. In addition, the price of gold rose to the mark of $1825.