by ZeroHedge News Staff at ZeroHedge
After January’s surprised upside shift, expectations have been adjusted up over the last month for another sizable MoM move in headline CPI. But that was not enough as the 0.4% MoM rise in the headline (as expected – highest since August) lifted CPI YoY up to +3.2% (hotter than the 3.1% exp)…
Source: Bloomberg
The 3-month annualized CPI rate was rose to 2.8% from 1.9%. The 6-month annualized core rate dropped to 3.2% from 3.3%.
Energy costs surged MoM as Core Services inflation slowed MoM…
Source: Bloomberg
Full CPI MoM breakdown:
The index for all items less food and energy rose 0.4 percent in February, as it did the previous month…