The US consumer price index data for December 2022, which the markets have been eagerly waiting for, has been announced. In line with expectations, the US consumer price index for December 2022 fell to 6.5% year-on-year, while the monthly consumer price index fell to -0.1%. Core inflation indicators also declined compared to November, and the core consumer price index decreased to 5.7% on an annual basis.
Inflation data for December 2022 may be considered as a positive sign for the markets that the effects of the Fed's tightening policy continues. The steady decline in inflation may be one of the determining factors in ending the Fed's aggressive interest rate hikes.
