CPI Report Highlights Inflation Risks From Oil
U.S. Consumer Price Index data for February will be released this morning with economists on average expecting a 0.3% month-over-month rise and a 2.4% year-over-year gain. Core CPI is forecast at 0.2% M/M and 2.5% Y/Y; analysts say the recent oil rally from Middle East tensions is unlikely to substantially affect February's print. Markets may instead focus on geopolitical risks and potential inflation pickup in spring.
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Sources
- Read OriginalCPI Print Before Iran War Broke Outseekingalpha.com
