Analyst: The month-on-month and year-on-year core CPI are both lower than expected
Analyst Enda Curran stated that importantly, whether month-on-month or compared to the same period last year, the US core CPI in February was slightly lower than expected. Housing costs rose by 0.3%, accounting for nearly half of all item increases in that month. Notably, airline ticket prices fell by 4%, which may align with recent pessimistic comments about air travel. Gasoline prices dropped by 1%, but the overall energy index increased by 0.2%.
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