US: CPI (MoM) beats consensus of 0.5%, rises by 0.7% in February

FXstreet.com (Barcelona) - The February CPI data in the US rose by 0.7% instead of the expected 0.5%. The annualized figure improved from 1.6% to 2.0%, also beating the 1.5% consensus. Excluding food and energy data came in as expected, at 0.2% (MoM) and from 1.9% to 2.0% (YoY).

Seasonally adjusted Core data rose from 232.11 to 232.51, with the monthly figure rising from 230.28 to 232.17, above 232.10 consensus.