Analysts at TD Securities are expecting the US CPI to stabilize at 1.6% in February, reflecting a 0.2% m/m with risk for a 0.3% print.

“Price pressures will benefit higher food and gasoline prices and another solid 0.2% increase in core CPI, leaving the latter unchanged at 2.2% y/y. There is risk for a slight deceleration in shelter, but we expect strength elsewhere, including tariff-related categories, medical care and airfares.”