US CPI hit 7.9% in February 2022.
CPI: 7.9%
Core CPI: 6.4%
CPI (m-o-m): 0.8%
CPI breakdown:
The CPI breakdown showed that energy, commodities, and vehicles were the 3 main contributors to the February CPI. The CPI has not yet factored in the war-related inflation and higher rentals. Therefore, we expect the CPI to stay elevated unless the US FED jolts the economy with a large interest rate hike.
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