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EUR/USD Intra-Day Fundamentals - Consumer Price Index (CPI) and 26 pips price movement

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by , 12-15-2015 at 05:32 PM (1264 Views)
      
   
2014-12-15 13:30 GMT | [USD - CPI]


[USD - CPI] = Change in the price of goods and services purchased by consumers.
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

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The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 0.5 percent before seasonal adjustment.

The index for all items less food and energy rose 0.2 percent in November, the same increase as in September and October. The indexes for shelter, medical care, airline fares, new vehicles, and tobacco were among the indexes that rose in November. In contrast, the indexes for recreation, apparel, household furnishings and operations, and used cars and trucks all declined.
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EURUSD M5: 26 pips price movement by USD - Consumer Price Index (CPI) news event :

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