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US April CPI Data Release: Dollar Dips, Stocks Rise

by Ivy

The US Department of Labor released data on the 10th, showing that the US CPI rose 4.9% year-on-year in April, with a forecast of 5.0% and a previous value of 5.0%. The US CPI rose 0.4% month-on-month in April, with a forecast of 0.4% and a previous value of 0.1%. After the CPI data was released, futures for the three major US stock indexes rose in the short term, and then turned positive. At 20:33 Beijing time, the US dollar index DXY’s short-term decline expanded to 40 points, now reporting 101.41, a daily drop of 0.21%.

Historical data shows that in March, the US CPI rose 5% year-on-year, a decrease of 1 percentage point from February, and the smallest year-on-year increase since May 2021. Excluding volatile food and energy prices, core CPI rose 0.4% month-on-month and 5.6% year-on-year.

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