NEW YORK, Feb 14 (Reuters) - The dollar fell on Tuesday
after data showed the annual rise in consumer prices was the
smallest since late 2021, affirming expectations the Federal
Reserve may be nearing the end of its tightening cycle.
The consumer price index increased 0.5% last month after
gaining 0.1% in December, data showed. Monthly inflation was
boosted in part by rising gasoline prices, which increased 3.6%
in January.
But in the 12 months through January, the CPI grew 6.4%, the
smallest gain since October 2021, and followed a 6.5% rise in
December. The annual CPI peaked at 9.1% in June, which was the
biggest increase since November 1981.
The dollar index fell 0.2% to 102.93 . Against the
yen, the dollar slid 0.2% to 132.195 .
(Reporting by Gertrude Chavez-Dreyfuss, editing by Ed Osmond)
Messaging: rm://gertrude.chavez.reuters.com@reuters.net))
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