In the US session CPI data was published. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in February on a seasonally adjusted basis after rising 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months,nthe all items index rose 2.2 percent before seasonal adjustment. The indexes for shelter, apparel, and motor vehicle insurance all rose and contributed to the 1-month seasonally adjusted increase in the all items index. The food index was unchanged in February, as a decline in the index for food at home offset an increase in the food away from home index.
There will be no major data releases from Australia tomorrow, but from China Industrial Production data will be published. Incline by 6.3% is anticipated. In the US session Retail Sales and PPI figures will be released. Analysts predict 0.1% increase in PPI and 0.3% growth in Retail Sales.
Figures to watch:
China Industrial Production (Wednesday 3:00)
PPI (Wednesday 14:30)
Retail Sales (Wednesday 14:30)