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U.S. core CPI rises more-than-expected in February

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Forex Pros - Core consumer price inflation in the U.S. rose more-than-expected in February, official data showed on Thursday.

In a report, the Bureau of Labor Statistics said that consumer prices, less food and energy rose by 0.2% in February, after rising by 0.2% in January.

Analysts had expected core CPI to rise by 0.1% in February.

The report said that consumer prices including food and energy costs rose more-than-expected in February, increasing by a seasonally adjusted 0.4%, after rising by 0.4% in January.

Analysts had expected consumer price inflation to rise by 0.4% in February'.

According to the data, consumer prices rose at annualized rate of 2.1% in February, after rising by 1.6% in January and surpassing expectations for a rise of 2.0%.

Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.75% to hit 1.4005.

Meanwhile, the outlook for U.S. equity markets was upbeat: Dow Jones Industrial Average futures pointed to a gain of 0.82%, S&P 500 futures indicated a rise of 1.15%, while the Nasdaq 100 futures added 0.96%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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