, Data issued moments ago by the Bureau of Labor Statistics in the United States of America showed that the Consumer Price Index (CPI), which measures inflation, fell by 0.1% in November, compared to 0.4% in October, which came below expectations, which indicated a decline to 0.3%, while the main index, excluding prices, declined. Food and energy rose to 0.2% compared to 0.3% in September (matching expectations).
On the other hand, the annual index declined over the past 12 months to 7.1% in November from 7.7% in October, below expectations, which indicated a decline to 7.3%, in a decline for the fifth month in a row, while the annual core index declined to 6% in November from 6.3%.
In the details of the index, the food index recorded a growth of 10.6% on an annual basis, recording an increase of about 0.5% in November, while the energy index declined by 1.6% in November, down by about 13.1% on an annual basis.
The US dollar declined by more than 0.80% and traded at 104.10 levels affected by these figures, which support the slow pace of monetary tightening by the US Federal Reserve and raise the market’s expectations that the Federal Reserve will raise interest rates by 50 basis points in its meeting tomorrow, Wednesday.
01/11/2024
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