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U.S. CPI increased by 0.2% in February

Tuesday, Mar 24 2015
The Consumer Price Index for increased 0.2% in February on a seasonally adjusted basis, in line with market forecasts. Over the last 12 months, the all items index was unchanged before seasonal adjustment. 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, increasing 1.0% as the gasoline index turned up after falling in recent months. The food index, unchanged last month, also rose in February, though major grocery store food group indexes were mixed.
 
The index for all items less food and energy rose 0.2% in February, the same increase as in January, beating forecasts in 0.1% incline . In addition to shelter, the indexes for used cars  and trucks, apparel, new vehicles, tobacco, and airline fares were among those that increased. The medical care index was unchanged, while the personal care index declined.
 
Markets were quite volatile after the data, with USD initially going higher, but then being pushed down. Euro is currently being traded slightly below 1.10 handle, Sterling is few points above 1.4940 level, while Aussie is around 0.7920 area. Later today, New Home Sales figures are scheduled for a release.
More in this category: « U.K. CPI unchanged in February New Home Sales at an annual rate of 539,000 »

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