Inflation in the US, as measured by the Consumer Price Index (CPI), edged lower from 0.6% to 0.4% on a monthly basis in August, the report published by the US Bureau of Labor Statistics showed on Friday. On a yearly basis, the CPI rose from 1% to 1.3%.
Further details of the publication revealed that the annual core CPI, which strips the volatile food and energy prices, rose to 1.7% and came in slightly higher than the market expectation of 1.6%.
With the initial market reaction, the US Dollar Index rose modestly and was last seen losing 0.1% on the day at 93.25.
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