US Consumer Inflation(CPI) Data for the month of February 2024 is Out and it is a bit surprising.
Last Night US released consumer inflation data for the month of February 2024.
The broad gauge of the cost of goods and services, the consumer price index(CPI), rose 3.2% from a year ago and by 0.4% last month. While the 12-month reading was somewhat higher, the monthly measure was in line with forecasts.
The core Consumer Price Index increased (CPI) 0.4% in the month and 3.8% in the year. Both were greater than expected by a tenth of a percentage point.