US Core CPI beats with 2.4% YoY in February vs. 2.3% expected

The US Core Consumer Price Index has risen by 2.4% in February, above 2.3% that was on the cards. On a monthly basis, underlying prices rose by 0.2% as expected. Headline inflation rose by 0.1% monthly and 2.3% yearly, both exceeding estimates.

Investors are focused on coronavirus developments and policymakers’ responses to them.

— more to come 

The US was expected to report that Core CPI remained at 2.3% yearly in February.