US: Inflation rises to 4-decade high in December – UOB By pabspiovano Inflation CPI UnitedStates Banks
“The latest US CPI data showed consumer price inflation surged further by 0.5% m/m, 7.0% y/y in Dec , at a new record y/y pace since Jun 1982 . Core CPI also rose by 0.6% m/m, 5.5% y/y, from 0.5% m/m, 4.9% y/y in Nov, the highest y/y print since Jun 1991 The inflation outcome again did not surprise the markets as it was quite close to expectations.”
“Further US inflationary pressures could persist in 1H 2022 due to the confluence of a range of factors driving up prices that will take time to resolve before turning lower in 2H. While we keep our 2022 CPI inflation at 3% and the core CPI inflation forecast at 2.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Inflation Hit 7% in December, Fastest Pace Since 1982U.S. inflation in 2021 was the highest in nearly four decades, with December consumer prices up 7% from a year earlier, the Labor Department said Wednesday.
Read more »
Forex Today: 7% US Inflation Hits US DollarUS Inflation Highest in 40 Years; Dollar Falls Despite Bullard Mooting 4 Hikes in 2022; Commodity Currencies are Strongest Gainers
Read more »
US consumer prices jump 7% in past year, highest inflation rate in 40 yearsJUST IN: The consumer price index—a measure of the prices Americans pay for a market basket of everyday goods and services—jumped 7% over the last 12 months, the Labor Department says.
Read more »
U.S. Inflation: Headline CPI at 7%, Core at 5.5% v/s 5.4% ExpectedThis morning brought the release of U.S. CPI for the month of December and this print came out amidst an intense focus on inflation. Get your market update from JStanleyFX here:
Read more »
Forex Today: FX board wakes up with US inflation at a 40-year highWhat you need to know on Thursday, January 13: The greenback plummeted following the release of US inflation figures. The December Consumer Price Inde
Read more »
U.S. consumer prices post largest gain in nearly 40 years; inflation close to peakingU.S. consumer prices increased solidly in December as rental accommodation and used cars maintained their strong gains, culminating in the largest annual rise in inflation in nearly four decades, which bolstered expectations that the Federal Reserve will start raising interest rates as early as March.
Read more »