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Consumer price index (CPI) data from the USA

The consumer price index (CPI) data from the USA published today shows a stronger increase in inflation than expected:


Monthly CPI rose: 0.5% in January, while only 0.3% was expected.


Year-on-year inflation reached 3% (previously 2.9%).


Core inflation (excluding food and energy) rose by 0.4% per month and 3.3% per year.


The 2.5% rise in food prices was particularly striking, especially for eggs (+15.2%).


These figures could influence expectations of the US Federal Reserve's monetary policy and make interest rate cuts less likely.

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