Inflation Report for February

SOURCE www.breitbart.com
In February, Americans experienced relief from inflation as prices rose at the slowest pace since last summer. Consumer prices rose 2.8 percent in the 12 months through February, slower than the three percent increase recorded in January. Core CPI, excluding food and energy prices, rose 3.1 percent. The Trump administration is credited for the decrease in inflation. The report indicates that economists overestimated the effect of tariffs on prices. The Federal Reserve is likely to find relief in the data, suggesting prices are heading in the right direction.

Key Points

  • Consumer prices rose 2.8 percent in the 12 months through February
  • Core CPI, excluding food and energy prices, rose 3.1 percent
  • The Trump administration is credited for the decrease in inflation

Pros

  • Consumer prices rose at a slower pace compared to previous months
  • Core CPI rose at a smaller annual increase than in January
  • Inflation in key areas of the economy like groceries and gasoline saw relief

Cons

  • Egg prices rose by 10.4 percent in February
  • Used car and truck prices rose by 0.9 percent
  • Inflation still exists in certain categories like durable goods