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.
UK public inflation expectations surged in February, BoE survey shows
The British public's expectations for inflation in the long run rose in February to their highest level in more than five years, according to a Bank of England survey on Friday that is likely to underscore its cautious approach to cutting interest rates.
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 rate eased to 2.8% in February, lower 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.
US consumer price inflation below expectations in February
Monthly growth and core inflation data also came in lower than expected, but this will not affect the Federal Reserve’s March decision US consumer price inflation data for February came in slightly below expectations across the board.
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,
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.
China's new home prices fall in February
China's new home prices dropped 0.1% in February, official data showed on Monday, as demand in the crisis-stricken sector ...
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 cooled in February, but Trump’s tariff plans and trade war loom
Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short ...
Inflation slowed slightly to 2.8% in February ahead of Federal Reserve meeting
The Labor Department on Wednesday released the consumer price index for February, which found inflation was 2.8%, slower than ...
Manhattan rents reached a record high in February — and so have bidding wars for rental units
Renters in Manhattan were met with record-high rents in February, with a median rent of $4,500 — a 6.4% uptick from the same time last year. Prices also rose in Brooklyn and Queens as vacancy rates ...
US wholesale inflation substantially slowed in February
The Producer Price Index, a wholesale inflation gauge that is being closely watched for tariff-related impacts, showed that price hikes slowed substantially in February.
What the February Inflation Report Means for the Fed
Inflation came in cooler for February. That could give Federal Reserve officials extra confidence that price pressures were ...
Inflation eased in February, but trade war threatens higher prices
The latest snapshot of ongoing inflation comes amid a new wave of tariffs of 25 percent on steel and aluminum imports, which ...
Border Patrol apprehensions plunged in February. Were they lowest ever as Trump claims?
The Border Patrol logged more than 140,000 apprehensions in February 2024. That is more than 16 times as many as last month.