As per the data released by the US Bureau of Labor Statistics, the CPI was unchanged year-on-year in February, compared to the estimate of 0.1% fall.
Month-on-month the CPI came in at 0.2% on a seasonally adjusted basis, matching the estimates and up from the previous month’s figure of 0.7%. The core inflation ticked up to 1.7%year-on-year, from the previous figure of 1.6%.
The seasonally adjusted increase in the all items index was broad-based, with increases in shelter, energy, and food indexes all contributing. The energy index rose after a long series of declines. The food index, unchanged last month, also rose in February, though major grocery store food group indexes were mixed.
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