Annual inflation rose to 3.2 percent in February, hotter than expected
==========
Consumer prices rose at faster monthly and annual rates in February, according to inflation data released by the Labor Department. The consumer price index (CPI) rose 3.2 percent annually in February and 0.4 percent last month alone. More than 60 percent of February’s monthly increase in prices came from gasoline and shelter. The bump in inflation comes as President Biden ramps up his efforts to fight high prices and reassure Americans of his grasp on the economy ahead of the November election. The February inflation data also keeps the Federal Reserve on track to keep interest rates steady at the end of a policy meeting next week.
#Inflation #ConsumerPrices #Cpi #LaborDepartment #PresidentBiden #FederalReserve
https://thehill.com/business/4525863-annual-inflation-rose-to-3-2-percent-in-february/
The Hill /
npub1uf…vwj43
2024-03-12 14:02:00
Author Public Key
npub1uf9ht809jfjawes35uqsxnj7hyjqsdyxypewh4d869swy74vldeq0vwj43Published at
2024-03-12 14:02:00Event JSON
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"content": "Annual inflation rose to 3.2 percent in February, hotter than expected\n==========\n\nConsumer prices rose at faster monthly and annual rates in February, according to inflation data released by the Labor Department. The consumer price index (CPI) rose 3.2 percent annually in February and 0.4 percent last month alone. More than 60 percent of February’s monthly increase in prices came from gasoline and shelter. The bump in inflation comes as President Biden ramps up his efforts to fight high prices and reassure Americans of his grasp on the economy ahead of the November election. The February inflation data also keeps the Federal Reserve on track to keep interest rates steady at the end of a policy meeting next week.\n\n#Inflation #ConsumerPrices #Cpi #LaborDepartment #PresidentBiden #FederalReserve\n\nhttps://thehill.com/business/4525863-annual-inflation-rose-to-3-2-percent-in-february/",
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