The Latest Inflation Breakdown The latest inflation data reveals a mixed bag for American consumers, who have been grappling with rising costs for nearly two years. According to the Labor Department’s February update, the Consumer Price Index (CPI)—which tracks the prices of a wide array of everyday items such as groceries, gasoline, and rent—rose by 0.4% from January and was 3.2% higher than the same time last year. Although this marks a slight deceleration from December’s 3.4% inflation rate, it still exceeds the Federal Reserve’s ideal target of 2%. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Labor Market: Key to Economic Stability in 2024 Amid Federal Reserve Decisions READ MORE HSBC Predicts Gold's Rollercoaster: 2024 Surge Followed by 12% Drop in 2025 READ MORE Global Central Banks Begin Slow Shift to Rate Cuts Amid Varying Economic Conditions READ MORE Rising Tide of Global Debt Set to Elevate Yields, Predicts Goldman Sachs READ MORE TSX Futures Stagnate as Investors Weigh Gold Decline Against Fed Signals READ MORE Add a Comment Cancel replyYour email address will not be published.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