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 ‘Just a Matter of Time’ Before Gold Gets to $3,000 Says Bloomberg Strategist READ MORE Insider Alert: Mike’s Made Two Changes to His Portfolio READ MORE Chinese Retail Investors Drive Gold Boom on Shanghai Futures Exchange READ MORE Investors Eye Fed Minutes for Gold Price Guidance, as Precious Metal Surpasses $2,000 Mark READ MORE Gold Tumbles Amid Global Stock Market Turmoil, but Outlook Remains Positive READ MORE Add a Comment Cancel replyYour email address will not be published.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