US: Annual core CPI remains steady at 1.2% in June vs. 1.1% expected

• Annual core CPI in the US came in slightly higher than expected in June. 
• US Dollar Index stays quiet below 96.50 after the data.

Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.6% on a monthly basis in June, the report published by the US Bureau of Labor Statistics showed on Tuesday. On a yearly basis, the CPI rose from 0.1% to 0.6% as expected.

Further details of the publication revealed that the annual core CPI, which strips volatile food and energy prices, stayed unchanged at 1.2% and came in slightly higher than analysts' estimate of 1.1%.

Market reaction

The US Dollar Index paid little to no mind to these figures and was last seen losing 0.14% on the day at 96.39.