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US CPI Report Incoming: Inflation Still Here, Egg Prices are Ridiculous
February’s CPI report is expected to show stubborn inflation, with food prices—especially eggs—still soaring. Here’s what to expect and why it matters. The US Bureau of Labor Statistics is set to release February’s Consumer Price Index (CPI) report, and it’s not looking like inflation is ready to call it quits just yet. According to forecasts, headline inflation is expected to clock in at 0.4% for the month, with core inflation (excluding food and energy) likely rising 0.3%. That would put the year-over-year inflation rate at a stubborn 3.1%-3.2%—a figure that won’t exactly inspire confidence at the ... (full story)
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