CNBC's February Inflation Breakdown February 2024 saw consumers facing persistent inflation, though slightly cooler from its peak in 2022. The Bureau of Labor Statistics reports a 3.2% annual increase in the consumer price index (CPI), with a 0.4% rise over the month, hinting at inflation’s steady presence above the Federal Reserve’s 2% target. Despite a more positive economic outlook among Americans, as per a Gallup survey, the cost of living continues to challenge many. This month’s inflation was notably influenced by higher gasoline and shelter costs, while food prices remained unchanged, according to Bankrate’s Mark Hamrick. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Evergrande's Liquidation: A Significant Turn in China's Property Crisis READ MORE High Interest Rates Likely Dampened Americans’ Economic Mood: Study READ MORE Gold Prices to Stay Strong Through 2024, Some Say $3,000 is a Stretch READ MORE Maritime Bottlenecks Resurface, Pushing Freight Rates Towards Covid-Era Peaks READ MORE Gold Price Soars Past $2,200 as Fed Signals Rate Cuts READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment