US CPI slowed from 6.4% yoy to 6.0% yoy in February, matched expectations. That’s also the lowest reading since September 2021. Core CPI (all items less food and energy) slowed slightly from 5.6% yoy to 5.5% yoy, matched expectations, and was the lowest since December 2021. Energy index rose 5.2% yoy while food index rose 9.5% yoy.
For the month, CPI rose 0.4% mom while core CPI rose 0.5% mom. Food index rose 0.4% mom and energy index decreased 0.6% mom.