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US: Whiffs of Worse to Come in the February CPI Report
The CPI report was in-line with forecasts for February, rising at an elevated 0.3% on the headline and a more moderate 0.2% on the core measure which excludes food and energy. The year-on-year inflation rate held at 2.4% with the core measure at 2.5%, unchanged from January’s pace. One could easily conclude from the headline numbers that there is nothing to see here. But a quick review of the component details leaves my stomach a little queasy. Services prices, which comprise around 64% of the overall index, increased a robust 0.3% last month. Airfares rose a hefty 1.4% following a whopping 6.5% increase in ... (full story)
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FlyingTurtle
Mar 11, 2026 2:10pm
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis in February, after rising 0.2 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.4 percent before seasonal adjustment. The index for shelter rose 0.2 percent in February ...
From inflationguy.blog | Mar 11, 2026
It’s going to be hard to get too jazzed about today’s CPI report. Because it is entirely a pre-Iran-war number, it won’t have any of the energy spike that will make next month’s figure so exciting/alarming. Now, ordinarily I’d say that this will be the last ‘clean’ number without those influences, but this number isn’t in any sense clean because there are ...
Inflation likely was elevated last month even before the spike in oil and gas prices of the past two weeks that is expected to send consumer costs soaring in the months ahead. Consumer prices are forecast to have risen 2.5% in February from a year earlier when the Labor Department reports last month’s figures Wednesday, according to a survey of economists ...
