US consumer inflation nears 8% in February; more persistent, expansive

10 March 2022

 

Summary: US CPI up 0.8% in February, in line with expectations; “core” rate up 0.5%; inflationary pressures proving more persistent, expansive; Treasury yields up, rate rise expectations firm; commodities main driver of headline rise. The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from July 2018 to February 2019. It then fluctuated in a range from...

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