I=8
- CPI rose 0.4% in February, in-line with the estimate but up from 0.3% in January.
- Yearly, CPI rose 3.2%, up from 3.1% in January and higher than 3.1% estimate.
- Core CPI held steady at 0.4% in February and was up 3.8% y/y, both exceeding estimates for a 0.3% and 3.7% increase.
- Most of the monthly increase in the headline number came from shelter and energy, which rose 0.4% and 2.3%, respectively.
- Supercore inflation was up 4.28% on a yearly basis and 0.47% on a monthly basis (estimate: +0.51%)
- Stock futures rose after the release. S&P 500 futures gained 0.4%, Nasdaq Composite added 0.8% while Dow Jones Industrial Average was up 0.3%.
