US: headline CPI increased 0.2% m-o-m in February
"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in February on a seasonally adjusted basis after rising 0.5 percent in January," the U.S. Bureau of Labor Statistics reported this Tuesday.
Key highlights:
• Over the last 12 months, the all items index rose 2.2 percent before seasonal adjustment.
• The index for all items less food and energy increased 0.2 percent in February following a 0.3-percent increase in January.
• The all items index rose 2.2 percent for the 12 months ending February, a slightly larger increase than the 2.1-percent rise for the 12 months ending January.
• The index for all items less food and energy rose 1.8 percent over the past year, while the energy index increased 7.7 percent and the food index advanced 1.4 percent.
Author
Haresh Menghani
FXStreet
Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.
