Here Are the Key Takeaways From US CPI Report for February:

US inflation rose 3.2% in February, a slight increase from January's 3.1% yearly rate, according to the US Bureau of Labor Statistics. The core CPI, which excludes food and energy prices, increased by 3.8% year-over-year, reflecting a steady deceleration in price gains seen in the second half of 2021. Contributing factors to the inflation rise include a rise in gasoline costs and shelter, which together explained over 60% of the overall increase. Food prices remained unchanged on the month.

March 11, 2024
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