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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 rose 0.8% from a month earlier and 7.9% in the 12 months ended February, while core CPI rose 0.5% over the month and 6.4% over the year, the BLS said Thursday, both in line with market expectations.
Gas prices jumped 6.6% last month, accounting for almost a third of the monthly increase. Food index rose 1.0% and food at home rose 1.4%, the largest monthly increases since April 2020.
Shelter prices rose 0.5% in February and 4.7% over the year, accounting for 40% of the increase in core CPI, the BLS said. Used cars and truck prices retreated 0.2% after rising sharply over the pandemic, one of the few categories to decline in the month.
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
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.
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