Inflation rate rose by 2.8% in February, CPI report shows. Here's what that means for price relief.
The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.
February CPI inflation rises 0.2%, lower than expected
February inflation measured by the Consumer Price Index Wednesday was 2.8% annually and was up a lower than expected 0.2% for the month, seasonally adjusted.
Inflation Cooled to 2.8% in February, Lower Than Expected
Inflation eased last month, but the data may offer less comfort to businesses, consumers and the Fed than it otherwise would as looming tariffs may keep prices rising.
Inflation slows through February, beating expectations
The Trump Administration was quick to celebrate when data released Wednesday by the Bureau of Labor Statistics showed inflation slowing through February, though the figure remains well above the Federal Reserve’s 2% target and some prices continue to climb.
Inflation rate hits 2.8% in February
We're getting a pulse check on a key measure of inflation. The latest Consumer Price Index shows inflation is up 2.8% compared to this time last year. Those numbers are better than expected. Patrick Rehkamp,
Inflation rate eased to 2.8% in February, less than expected
The consumer price index for both all-items and core increased 0.2% in February, slightly below expectations. On an annual basis, headline inflation was at 2.8%, while core was at 3.1%. Both also were 0.
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U.S. Inflation Eased More Than Expected in February
Economists are bracing for intensifying price pressures and slower growth, posing a challenge for the Federal Reserve.
US inflation slows in February to 2.8%, lower than expected
Core CPI, which excludes volatile food and energy prices, came in at 3.1% — the lowest reading since April 2021.
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