U.S. Inflation Data - Ester Holdings
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U.S. Inflation Data

  • Core Consumer Price Index (CPI) (y/y) (November), fact 2.2%, forecast 2.2%.
  • Core Consumer Price Index (CPI) (m/m) (November), fact 0.2%, forecast 0.2%.
  • Consumer Price Index (CPI) (m/m) (November), fact  0.0%,  forecast 0.1%.

An inflation report in the USA for November was restrained negative. So, most of the parameters coincided with the forecasts and remained at the same level. But the consumer price index (CPI) (m/m) showed a marked decline, which can be regarded as a bullish signal, especially in light of the last negative US employment report.

Fig. 1. U.S. Consumer price index (CPI) (m/m) chart

 

The US dollar index remains under pressure for correction, reinforcing the decline on weak the US inflation data. Further decline of the American dollar will be limited to the support level 97.10-00.

Fig. 2.The US dollar index chart. Current price – 97.20 (10-year government bonds yield – blue line)

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