1. Dollar creeps higher on firmer US inflation data  East African Business Week
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It was a quiet Thursday with little to report, as the local currency trod water for most of the day, ending the session little changed from the previous close.It was a quiet Thursday with little to report, as the local currency trod water for most of the day, ending the session little changed from the previous close.

Dollar creeps higher on firmer U.S. inflation data

Consumer prices in the United States rose slightly in January. The gains came on the back of higher food and shelter prices while offsetting a drop in gasoline prices. Data from the Labor Department showed that consumer prices rose 0.1% in January, following a 0.2% increase in November. Gasoline prices fell 1.6% during the month. […]

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A key measure of U.S. consumer prices remained subdued in January as accelerations in shelter costs and apparel were offset by weakness in used vehicles and medical-care goods. A key measure of U.S. consumer prices remained subdued in January as accelerations in shelter costs and apparel were offset by weakness in used vehicles and medical-care goods.

Core inflation up 0.2% in January

US underlying consumer prices picked up in January, while the number of Americans filing claims for unemployment benefits rose slightly last week, suggestingUS underlying consumer prices picked up in January, while the number of Americans filing claims for unemployment benefits rose slightly

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Dollar Creeps Higher on Firmer U.S. Inflation Data