- India's Retail inflation eased to 5.09% YoY in February from 5.10% in the previous month, better than the market expectation of 5.02%, according to the Ministry of Statistics & Programme Implementation.
- The Indian food inflation for February came in at 8.66% versus 8.30% prior. Meanwhile, the rural inflation rate remained steady at 5.34%, while the urban inflation rate declined to 4.78% from 4.92% in January.
- India's Industrial Production dropped to 3.8% YoY in January from the previous reading of 4.2%, stronger than estimated.
- The US headline Consumer Price Index (CPI) came in line with expectations, rising 0.4% MoM in February. The annual CPI figure was above the market consensus, increasing 3.2% YoY in February.
- The Core CPI, excluding volatile food and energy prices, climbed 0.4% MoM and 3.8% YoY, above the market consensus.
- The upbeat inflation data might convince the Fed to focus on more data and allow policymakers to avoid having to rush to cut rates.
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