Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
U.S. CPI advanced 0.4% (0.3555% unrounded) in February, the biggest gain since July, following a 0.3% increase in January. Excluding food and energy, CPI increased 0.1% (0.101% unrounded) after a flat reading in January, a tenth below expectations.
Higher gas prices accounted for over half of the headline rise, which now stands at 1.7% yoy. In the core index, gains in shelter, recreation, medical care, and motor vehicle insurance were offset by lower prices in airline fares, used cars and trucks, and apparel. Some analysts had expected rebounds in airfares and apparel to boost the core index.
Inflation is set to rise in the months ahead on base effects and stronger oil prices and the February data will come as no surprise to Fed policymakers.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.