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.
What does February’s inflation report mean for me?
Inflation slowed during President Donald Trump’s first full month in office, but that progress could be short-lived as tariffs threaten to raise prices in the months ahead. The consumer price index increased 2.
CPI Inflation Was Higher Than Expected In January
Inflation rose unexpectedly in January, with the Consumer Price Index rising 3% over the last 12 months, up from 2.9% in December. Forecasters had expected inflation to slow down, but prices for food, gas, and housing pushed the inflation rate out of the 2% range for the first time since May.
Inflation rate picked up in January, CPI report shows. Here's what it means for your money.
On a monthly basis, the CPI rose 0.5%, versus economists' forecast for a 0.3% increase, according to FactSet. That's the biggest monthly jump since August 2023. It may be due to price increases set at the start of the year by many businesses, noted Bright MLS chief economist Lisa Sturtevant in an email.
Inflation hit 7-month high of 3% in January. Here's what it means for Fed rate cuts
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall. The cost of services such as car insurance, auto repairs and health care have continued to rise in part because of the delayed effects of pandemic-related vehicle shortages or wage increases.
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 slowed slightly to 2.8% in February ahead of Federal Reserve meeting
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.
Inflation Relief: U.S. CPI Rose Less Than Forecast in February
Inflation in the U.S. softened more than expected in February, putting Federal Reserve rate cuts firmly back in plan as spring and summer approach. The Consumer Price Index rose 0.2% in February, according to a report from the Bureau of Labor Statistics on Wednesday morning.
US inflation eases to 2.8% in February, hits lowest level in months
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.
NerdWallet9d
Consumer Price Index: What It Is and Why It Matters
However, this does not influence our evaluations ... Updated March 12. Current index: The consumer price index, or CPI, increased 0.2% in February, according to the most recent report.
Investopedia1y
Limitations of the Consumer Price Index (CPI)
For example, during a period when energy costs rose by more than 50% and the prices of some of the most commonly purchased grocery items increased by nearly 30%, the CPI continued to show a very ...
This is Money1y
What rising inflation means for you: CPI increases to 3% - what happens next?
What does the increase in inflation mean for you, where does this leave ... Consumer prices inflation, known as CPI, measures the average change in the cost of consumer goods and ...
TheStreet.com1mon
What Is the Consumer Price Index? Definition and Importance
The consumer price index is a weighted average collection ... As of October 2021, the CPI was 276.589, meaning goods and services had gone up in price by an average of about 176.589% since ...
Barron's3mon
Inflation Is Stuck. What That Could Mean for a December Fed Rate Cut.
The BLS is scheduled to release the latest consumer price index on Wednesday at 8:30 ... the same pace as October. Continued increases in used vehicle prices are expected to help keep the ...