The US CPI report for February was largely in-line with my forecast, with headline CPI coming in at 6.0% (vs my forecast of 6.0%, and a consensus forecast of 6.0%). Core CPI came in at 5.5% (vs my forecast of 5.4%, and a consensus forecast of 5.5%). YoY CPI ex-shelter of 5.0% was in-line with my forecast, while core CPI ex-shelter came in at 3.7%, slightly above my forecast of 3.6%.
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February US CPI review: YoY CPI meets the…
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The US CPI report for February was largely in-line with my forecast, with headline CPI coming in at 6.0% (vs my forecast of 6.0%, and a consensus forecast of 6.0%). Core CPI came in at 5.5% (vs my forecast of 5.4%, and a consensus forecast of 5.5%). YoY CPI ex-shelter of 5.0% was in-line with my forecast, while core CPI ex-shelter came in at 3.7%, slightly above my forecast of 3.6%.