The consumer price index (CPI) stagnated last month following rising 1.3% in June, the Labor Department said. Over one year, it jumped 8.5%, following +9.1% the previous month.
Economists polled by Archyde.com on average were forecasting an increase of 0.2% month-on-month and 8.7% year-on-year.
The core inflation index (“core CPI”), which excludes energy and food products, rose by 0.3% last month and over one year, it is up by 5.9% , as in June.
The consensus gave it up 0.5% month-on-month and 6.1% year-on-year.
Futures contracts on Wall Street indices and European stock markets rose following the publication of these statistics.
On the American bond market, the yields of Treasury bills are down sharply, the two-year one, the most sensitive to expectations of changes in key rates, lost more than 17 basis points to 3.115% while the dollar amplified its fall once morest a basket of reference currencies.
