NEW YORK, May 11 (Xinhua) -- U.S. dollar declined in late trading on Friday as investors digested a slew of economic data.

The preliminary reading of the consumer sentiment remained unchanged at 98.8 in May from the April reading, generally in line with market expectations, according to the University of Michigan's Survey of Consumers.

Meanwhile, investors were digesting the country's inflation data for April. The Consumer Price Index (CPI) for all urban consumers increased 0.2 percent in April on a seasonally adjusted basis, missing market consensus of 0.3 percent, the U.S. Labor Department reported Thursday.

The index for all items less food and energy increased 0.1 percent in April, below market estimates of a 0.2-percent gain.

Analysts said that the tamed inflation data eased concerns about the pace of the U.S. central bank's tightening strategy.

The dollar index, which measures the greenback against six major peers, decreased 0.12 percent at 92.537 in late trading.

In late New York trading, the euro rose to 1.1945 dollars from 1.1926 dollars in the previous session, and the British pound was up to 1.3548 dollars from 1.3520 U.S. dollars in the previous session. The Australian dollar increased to 0.7546 dollar from 0.7538 dollar.

The U.S. dollar bought 109.29 Japanese yen, lower than 109.37 Japanese yen of the previous session. The U.S. dollar fell to 1.0007 Swiss franc from 1.0022 Swiss franc, and it increased to 1.2787 Canadian dollars from 1.2759 Canadian dollars. Enditem