US Inflation is expected to exceed January’s 40-year high on Thursday with February data set to show annual consumer price growth nearing 8% and forward-looking indicators pointing to 9% in March as the Ukraine-Russia war pushes commodity prices to record levels. Economists polled see annual CPI increasing 7.8% Y/Y in February versus January’s 7.5%, for the M/M economists forecast CPI rising to 0.8% up from January’s 0.6% print. The January increases in indices for food, electricity, and shelter were the largest contributors to the seasonally adjusted all items increase. The food index rose 0.9% in January following ... (full story)