The Core CPI data index (Consumer Price Index) is a particularly important indicator for measuring the prospects for sustained economic growth in any national economy. As it has already been noted above, inflation is a key component for every monetary policy and presently both the US and the Euro economies, alongside other member-countries of the G20, are struggling to stimulate and increase the activity of local investors, which would correspondingly cause the consumer prices to rise.
Therefore, if the report on Wednesday turns out positive and the data meets the expectation for 0.1% rise, that would mean that the US economy is on the right track to slow recovery and improvement of the prospects for faster economic growth.
We are yet to see whether such positive data will have the strength to break above the resistance level of 97.653 of the US dollar index.
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