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Breaking News: Headline US Inflation Drops to 6%, US Dollar Undecided

March 14, 2023

Via: DailyFX

Headline inflation (y/y) in the US fell by 0.4% to 6% in February, in line with analysts’ expectations, while core inflation nudged 0.1% lower to 5.5%, also in line with forecasts. According to the US Bureau of Labor Statistics,

‘The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70 percent of the increase, with the indexes for food, recreation, and household furnishings and operations also contributing. The food index increased 0.4 percent over the month with the food at home index rising 0.3 percent. The energy index decreased 0.6 percent over the month as the natural gas and fuel oil indexes both declined.’

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