JP Morgan Analyst Sees Inflation Easing, But Tougher Price Comparisons Loom For Key Categories

February's Consumer Price Index (CPI) rose 2.8% year-over-year, with core CPI at 3.1%. While both headline and core indices saw a 0.2% month-over-month increase, they underperformed expectations. Price changes were observed across categories, including deflation in TVs, and price increases in Appliances and Pet Food, signaling a gradual easing of inflationary pressures, according to J.P. Morgan analyst Christopher Horvers.