The U.S. released the consumer price index for the month of December, while CPI rose by 0.1% below expectations of 0.2% and the prior reported rise of 0.4% back in November, while compared with a year earlier; CPI rose by 2.7% up from the prior reported rise of 1.8% and slightly below estimates of 2.8%.

Core CPI which excludes prices of food and energy rose ion December by 0.1% inline with expectations and following the prior reported flat estimate, while compared with a year earlier, core CPI rose by 1.8% inline with expectations and up from the prior reported rise of 1.7%.