New Delhi, March 12 -- The much-awaited inflation data of United States (US) signals cooling in headline Consumer Price Index (CPI) standing at 2.8 per cent year-on-year from 3 per cent in January, as per the official data released by US Bureau of Labor Statistics.

The CPI figures eased more than the expectations of 2.9 per cent, the figures is lowest since the November of the previous year. The inflation rose 0.2 per cent month-on-month which was more softer than the expectaions of 0.3 per cent.

Accoding to the data the Core CPI for the February upped 3.1 per cent YoY, while the month-on-month increase was 0.2 per cent.

As per the general belief, the declining CPI inflation will push the Federal Bank to consider an interest cut. The d...