Off the back of hotter than expected inflation figures in January, with price pressures in the services sector remaining particularly stubborn, consensus sees headline CPI remaining unchanged at 3.1% YoY in February, though the core measure should cool 0.2pp, to 3.7% YoY. On an MoM basis, headline CPI is seen quickening to 0.4%, from 0.3%, while the opposite is true of the core figure, set to cool to 0.3% MoM from the 0.4% pace notched in January. {chart} Clearly, while data in line with consensus would again point to inflation remaining more elevated than most would desire, particularly those on the FOMC, such a ... (full story)