The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 8.2% on a yearly basis in September from 8.3% in August. This reading came in higher than the market expectation of 8.1%.
The Core CPI, which excludes volatile energy and food prices, was up 0.6% and 6.6%, on a monthly and yearly basis, respectively. Both of these figures surpassed analysts' estimates.
Follow our live coverage of the market reaction to US inflation data.
Market reaction
The hot inflation data provided a boost to the greenback with the initial market reaction. As of writing, the US Dollar Index was up 0.28% on a daily basis at 113.58.
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