Core CPI is expected to have grown 2.2% year-on-year in February.
The latest release of the consumer price index for the month of February came in nearly right in line with expectations on Wednesday.
The index tracking the prices of consumer goods 0.1% month-over-month (0.0% expected) and increased by 2.7% year-over-year (2.7% expected).
Core CPI, which strips out the volatile food and energy categories, increased 0.2% from January (o.2% expected) and 2.2% from the same month a year ago (2.2% expected).
The release was a slowdown from last month's CPI release which showed the index increased at the fastest pace in four years on particularly strong gains in energy prices.
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