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 Asda Report Highlights Significant Rise in British Families' Disposable Incomes READ MORE Gold Price Forecast: CommerzBank Says Gold Unlikely To Leave its Trading Range READ MORE Jobs Data Shows Jobs Decreased for Second Month in a Row READ MORE Yen Volatility Threatens Profitability of Emerging-Market Carry Trades READ MORE China Commands 80% of Global Solar Silver Supply Chain READ MORE Add a Comment Cancel replyYour email address will not be published.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