US headline inflation inches up; but core levels remain tame
US CPI for the month of February rose to 0.4% from the previous 0.2% - the actual figure was however in line with the expected figures. The yearly figure remained in check at 2.9% in line with previous and expected numbers.
The core inflation levels (excluding energy and food) eased to 0.1% from the previous and expected 0.2%. The yearly figure for core inflation eased marginally lower to 2.2% from the previous 2.3% but in sync with the expected 2.2%.
Most of the rise in the monthly headline figure is being attributed to gasoline prices, and despite this the marginal rise, core inflation remains tame.
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