US: Annual Core CPI edges lower to 1.3% in February vs. 1.4% expected

• Core inflation in US remains subdued in February.
• US Dollar Index stays near 92.00 after the data.

Inflation in the US, as measured by the Consumer Price Index (CPI), arrived at 0.4% on a monthly basis in February and matched analysts’ estimate. On a yearly basis, the CPI rose to 1.7% as expected, the data published by the US Bureau of Labor Statistics showed on Wednesday.  

Moreover, the annual Core CPI, which excludes volatile food and energy prices, edged lower to 1.3% and missed the market consensus of 1.4%.

Market reaction

The US Dollar Index inched lower after this report and was last seen trading flat on the day at 91.96.