Breaking: US CPI inflation softens to 2.8% in February vs. 2.9% forecast
As measured by CPI, inflation in the US is set to rise at an annual pace of 2.9% in February, down slightly from 3.0% reported in January. Core CPI inflation, which excludes the volatile food and energy categories, is expected to ease to 3.2% in the same period from a year earlier, compared to a 3.3% growth in January.
Purchasing power refers to the amount of goods and services a person or entity can buy with a given amount of money. It ...
CPI drops to 2.8% with falling fuel and food prices, but core inflation stays high. Click for a full review of the inflation ...
Slower inflation could raise the chance of interest-rate cuts that might boost riskier assets such as cryptocurrencies.
The weights with which the price trends of the individual goods and services are reflected in the consumer price index are also important. The Price Kaleidoscope shows you the price trend ...
The Labor Department released the consumer price index for February which found inflation was 2.8%, in line with economists' expectations ahead of the next Federal Reserve meeting.
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