Data released moments before by the Bureau of Labor Statistics in the United States showed that the CPI, which measures inflation, rose by 0.8% in November, after rising by about 0.9% in October, to come better than expectations that indicated a rise to 0.7%, while the main index excluding it rose Food and energy prices rose to 0.5%, in line with expectations, and compared to 0.6% in its September reading.
On the other hand, the annual index rose over the past 12 months to 6.8% from 6.2% in October at its highest pace since 1982, better than expectations that indicated a rise to 6.5%, while the annual core index rose to 4.9% from 4.6% to match expectations.
In the details of the index, the food index recorded a growth of 6.1% on an annual basis and an increase of about 0.7% in November, while the energy index rose by 3.5% in November and rose by about 33.3% on an annual basis.
The US dollar records initial declines after the statement by more than 0.15% and is trading at 96.18 levels, which is expected to be temporary, while the yield on US Treasury bonds for ten years is trading at 1.520, up by more than 1.52.7%.