US consumer inflation cools slightly to 2.8% in February
WASHINGTON] US consumer inflation inched lower in February according to government data on Wednesday (Mar 12), in the first full month of Donald Trump’s White House return – but concerns remain over stubborn price growth as jitters flare over the president’s trade policies.
US consumer price growth slows in February
The consumer price index rose 0.2 per cent in February after accelerating 0.5 per cent in January. Read more at straitstimes.com.
US inflation fell more than expected to 2.8% in February
US inflation fell more than expected to 2.8 per cent in February, bolstering the case for the Federal Reserve to cut interest rates amid signs of slowing growth in the world’s largest economy. Wednesday’s annual consumer price index figure was below January’s 3 per cent and the 2.9 per cent expected by economists, according to a Reuters poll.
US inflation seen elevated in February, with higher food prices
NEW YORK] Economists forecast that US inflation probably stayed elevated last month after a large increase in January, adding to evidence that progress on taming prices has stalled. Read more at The Business Times.
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.
Here's what today's CPI report says about inflation
Inflation in February rose 2.8% on an annual basis, slightly lower than economists had forecast but continuing to signal that price hikes remain elevated despite the Federal Reserve's efforts to tame inflation to a 2% annual rate.
February consumer price index report shows slight inflation improvement
New numbers released today say that inflation has improved slightly, with the February consumer price index report showing a 2.8% rise from year before and price growth climbing 0.2% from January to February.
Here's how much prices rose in February
While the prices for goods and services still got more expensive in February, they got a bit less expensive than predicted. The latest Consumer Price Index rose 0.2 percent last month — putting the annual inflation rate at 2.
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