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CPI 0: Temporary and Oily

TedTed
in Off-Topic
FYI: This morning we got February Consumer Price Index (CPI) releases from both the UK and the United States. In the UK, year-over-year CPI printed 0.0% for the first time in the history of the series versus expectations for a 0.1% gain. In the US, CPI rose from -0.1% year-over-year in January to 0.0% in February, on expectations.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/cpi-0-temporary-and-oily/


Comments

  • CrashCrash
    (Yahoo Finance:) "Data today showed the cost of living in the U.S. excluding food and fuel rose more than forecast in February, reflecting broad-based gains that helped keep a floor under inflation.

    The so-called core consumer-price index climbed 0.2 percent for a second month, a Labor Department report showed Tuesday in Washington. A broader measure of prices overall also climbed 0.2 percent, the first advance in four months, as fuel costs stabilized.

    Purchases of new homes in the U.S. unexpectedly rose in February to a seven-year high as stronger job gains helped bolster industry activity amid severe weather. Sales climbed 7.8 percent to a 539,000 annualized pace, the most since February 2008."
    (?????)
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