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US consumer prices rise 0.1% in April

Posted by Ahmed Mamdouh On 5/10/2018 5:48:20 AM In Forex_News

U.S. consumer prices showed lower than expected rise in April, while the unemployment claims came lower than projections.

The consumer price index for soared 0.2 percent from a previous of minus 0.1 percent, compared to projections of 0.3 percent increase.

The annual CPI reading accelerated to 2.5 percent from 2.4 percent.

The core reading came below projections of 0.2 percent at 0.1 percent, following a 0.2 percent increase in March.

Initial jobless claims came in at 211,000 last week, similar to the prior reading, compared to estimates of 219,000.

The dollar index traded lower at 92.52, set for its first daily decline in five sessions, as of 12:46 GMT.

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