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.