In the recent report of the Bureau of Labor Statistics, the US inflation for May 2011 inclined by 0.2% or in annual terms by 3.6%.
The prime reason for the increase was the incline in Food index that rose by 0.4% during May compared with April and 3.5 (Y-2-Y).
The report also showed, as expected, a moderate decline in major commodities prices in particular the energy prices index fell by -1.0% during May, which is in annual terms (y-2-y) a 21.5% increase.
In the previous month the April 2011 CPI inclined by 0.4 percent points. This slowdown in the rising inflation pressures might be ease the concerns related to the adverse effects of low US interest rate.
Current Nymex crude oil price, short term futures (July 2011 delivery) is traded down with a 4.08% decrease, as its at $95.29 per barrel as of 20:53*.
Current gold price, short term futures (July 2011 delivery) is traded at $1,532.3 per t oz. a $7.9 increase or 0.52%, as of 20:44*.
Euros to USD is currently traded sharply down at 1.4176 a 1.839% decrease as of 20:55*.
The USD to Canadian dollar exchange rate is traded down at 0.9789 a 1.1078% decrease as of 20:54*.
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