The latest released overnight CPI data shows that the annual CPI rate in the U.S. at the end of February was 2.8%, slightly lower than the market expectation of 2.9%; at the same time, the monthly CPI rate was 0.2%, also slightly lower than the forecast of 0.3%. After excluding the impact of food and service price changes, the annual and monthly core CPI rates were 3.1% and 0.2%, both in line with or below market expectations. This series of data overall presents a favorable trend for CPI.
