US consumer prices, retail sales rise less than forecast

US consumer prices, retail sales rise less than forecast

U.S. consumer prices and retail sales rose less than predicted last month, a report from the Labor Department released on Friday showed.  

The consumer prices index (CPI) showed 0.2 percent rise in April after a 0.3 percent surge in March. Analysts had called for a 0.3 percent increase.  

Core CPI recorded a 0.1 percent advance, compared to both prior and expected readings of -0.1 and 0.2 rise respectively.  

Another report from the U.S. signaled a 0.4 percent rise in retail sales in April, coming below analysts’ projections of 0.6 percent gain. 

Core retail sales posted 0.3 percent soar, while analysts had predicted a 0.5 percent increase. 

As of 13:05 GMT, the dollar fell sharply versus a basket of major currencies, as it traded at 99.09, according to the dollar index.


Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

You have to be logged in to comment.