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US Inflation Woes Abate: Will Sell-Off Fears Calm Down?

US Inflation Woes Abate: Will Sell-Off Fears Calm Down?

According to data provided by the U.S. Bureau of Labor Statistics, the US Consumer Price Index, or the inflation index, rose 0.2% in February compared to a 0.5% rise in January 2018. This inflation figure met the market expectation of a 0.2% rise. Softer improvement in the inflation index in February is mainly due to the improvement in prices for the apparel, motor vehicle insurance, and shelter indexes.