#CryptoCPIWatch The U.S. Bureau of Labor Statistics (BLS) is set to release its Consumer Price Index (CPI) report for February on Wednesday at 12:30 GMT, providing a critical view of inflation trends.
Market analysts anticipate a slight decline in inflation, which could influence Federal Reserve policy, the U.S. dollar, and risk assets such as cryptocurrencies.
The overall CPI inflation rate is expected to be 2.9% year-on-year (YoY), down from 3.0% in January, marking the first dual decline in core and overall inflation since July 2024. The core CPI inflation rate, which excludes food and energy, is projected to fall to 3.2% from 3.3%.
Monthly inflation projections:
Overall CPI: +0.3% MoM
Core CPI: +0.3% MoM
Analysts at TD Securities predict a widespread deceleration of inflation, noting that housing costs and goods prices may decrease, contributing to a trend of relief.
