The non-seasonally adjusted headline CPI eased for an eighth consecutive month to 6.0% in February (Chart 1). The seasonally adjusted month-over-month headline figure came in at 0.4%, down a tick from January’s reading. Both headline figures matched their consensus estimates. The Core CPI came in at 5.5%, tallying its fifth consecutive monthly decline since peaking at 6.6% in September. The…

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