What Goes Up, Must Come Down Is Why U.S. Inflation May Be Tamer
- More muted CPI expected after outsize gains driven by apparel
- Core gauge probably rose 0.2% in February after 0.3% increase
Investors Brace for Inflation to Roar Back
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Some consumer prices that skyrocketed in January probably returned to Earth in February, indicating fears of runaway U.S. inflation that jarred financial markets were overblown.
The consumer price index probably rose 0.2 percent in February from the previous month, after a 0.5-percent jump in January, according to the median estimate of economists surveyed by Bloomberg News ahead of Labor Department figures due Tuesday. Excluding food and energy, prices were projected to advance 0.2 percent following a bigger-than-forecast 0.3 percent increase in January.