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The Consumer Price Index (CPI) rose 0.4% month-on-month (m/m) in February, in line with the consensus forecast. On a twelve-month basis, CPI inched up to 3.2% (from 3.1% in January). Energy prices rose 2.3% m/m, largely driven by an uptick in gasoline prices (+3.8% m/m). Conversely, food prices were flat on the month. Excluding food […]

The post US: Core Inflationary Pressures Were (Again) Hotter Than Expected in February  appeared first on Action Forex.

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