February CPI Report: Not Yet In The Clear

2025-03-14 03:20:00 ET

Summary

• The February CPI print was lower than expected, with the monthly increase in both headline and core CPI the smallest since late 2024, bringing annual numbers down to 2.8% and 3.1%, respectively.
• Monthly headline inflation rose 0.2% in February, lower than expected and the smallest monthly increase since October 2024, bringing the annual rate to 2.8%.
• Core inflation remained predominantly a function of services prices, which increased by 0.3%.
• The rebound in core goods inflation continued as prices rose 0.2%, driven by used car and truck prices rising 0.9% and apparel prices increasing by 0.6%.

Originally published on March 12, 2025

By Seema Shah, Chief Global Strategist | Christian Floro, CFA, CMT, Market Strategist ...

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