Important Data: December CPI Readings Encourage Investors to Choose USD?

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 U.S. consumer prices (U.S.) reportedly rose in December as households paid more for gasoline. Even so, inflation has remained stable despite the American Covid-19 epidemic.


The number of positive COVID-19 cases in the United States (US) as of Saturday has exceeded twenty-three million people. The development thus means that a resident of the country Uncle Sam is infected with COVID-19 is high.


The record also makes the US emerge as the country with the highest number of COVID-19 cases in the world so far. For the record as well, over 3 hundred thousand deaths were recorded in the US.



Despite the contagious Covid-19 outbreak, the Department of Labor reported that the consumer price index (CPI) rose 0.4% last month after rising 0.2% in November.


During the 12 months to December, the CPI reading rose 1.4% after rising 1.2% in November.


The US dollar index, which measures the greenback against the major, recorded an increase of 0.3% to the exchange rate of 90.328 after declining more than 0.5% during the week.

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