United States market faces inflation, and it is measured by changes in Consumer Price Index (CPI). US CPI declines to 2.8% in February from 3% in January, as per US Bureau of Labor Statistics (BLS) reports. This reading came below the market expectation of 2.9%. The CPI increase to 0.2% on a monthly basis after a 0.5% increase recorded in January
The core CPI, which excludes volatile food and energy prices, increases to 3.1% on a yearly basis. It followed a 3.3% increase in January and came below analysts’ estimate of 3.2%. The core CPI increase 0.2% on a monthly basis
Market reaction after US CPI declines to 2.8%
The US Dollar (USD) Index is used to track the USD’s performance against a basket of six major currencies. It retreated from session highs following CPI data. At press time, the index was up 0.1% on the day at 103.50.
US BLS is set to publish a high-impact Consumer Price Index (CPI) inflation report for February on Wednesday. CPI Figure impact the US Dollar (USD) and the Federal Reserve’s (Fed) financial policy stance
Expectations in the next CPI data report
As per CPI reports, US CPI declines to 2.8% and rise at an annual pace of 2.9% in February, down from 3.0% reported in January. Core CPI inflation, which excludes the volatile food and energy categories, is expected to increase to 3.2% in the same period from a year earlier, compared to a 3.3% growth in January. The 0.3% increase is projected for headline CPI and the core CPI inflation figures on the basis of monthly reports.
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