February CPI Report: Calm Before The Storm

Principal Financial Group1.22K FollowersFollow5ShareSavePlay(5min)CommentsSummaryConsumer price inflation in February came in as expected, with the annual headline rate remaining steady at 2.4%.Core inflation, which excludes food and energy, rose 2.5% on an annual basis, unchanged from last month’s reading.The highly volatile energy category increased 0.6% in the month, driven by a notable rise in fuel oil amid the lingering effects of cold weather that blanketed much of the East Coast. Andrii Dodonov/iStock via Getty Images By Seema Shah, Chief Global Strategist; Christian Floro, CFA, CMT, Market Strategist; and Magdalena Ocampo, Market Strategist Consumer price inflation in February came in as expected, with the annual headline rate remaining steady at 2.4%. CoreThis article was written byPrincipal Financial Group1.22K FollowersFollowThe Principal Financial Group (The Principal®) is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $519.3 billion in assets under management1 and serves some 19.7 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States.

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