US: Annual Core CPI stays unchanged at 1.6% in December as expected

• Annual core inflation in US remained unchanged in December.
• US Dollar Index clings to small daily gains near 90.20.

Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.4% in December from 0.2% in November, the report published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the CPI edged higher to 1.4% and came in higher than the market expectation of 1.3%.

Further details of the publication showed that the Core CPI, which excludes volatile food and energy prices,  remained steady at 1.6% on a yearly basis in December and came in line with analysts' estimates.

Market reaction

The US Dollar Index largely ignored this report and was last seen gaining 0.16% on a daily basis at 90.23.