The expected inflation data in the US has been released. In February, inflation in the US came in below expectations at 2.8%. Expectations were for inflation to be reported at 2.9%. Monthly inflation in February increased by 0.2%. Market expectations were for a 0.3% increase in monthly inflation. In the country, inflation in January came in above expectations at 3%. The Reason for Inflation is Housing Costs In the mentioned period, housing costs, despite slowing down with a 0.3% increase compared to the previous month, accounted for almost half of the monthly increase in the CPI. The housing category also rose by 4.2% on an annual basis. Energy prices in the same period increased by 0.2% monthly, despite a decrease in the gasoline category, due to an increase in the electricity and natural gas categories. Energy costs also decreased by 0.2% annually. Gasoline prices under the energy category decreased by 1% monthly and 3.1% annually in February. Food prices also rose by 0.2% monthly and 2.6% annually during this period. Slowdown in Core Indicators Excluding volatile energy and food prices, core CPI recorded a monthly increase of 0.2% and an annual increase of 3.1% in February. Core inflation was expected to be 0.3% monthly and 3.2% annually. Core CPI had increased by 0.4% monthly and 3.3% annually in January. Thus, core inflation recorded its lowest level on an annual basis since April 2021.