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 US Mortgage Rates Dip Slightly to 6.63%, Offering Hope to Homebuyers READ MORE Japan's Largest Ever Yen Intervention in April: 5.92 Trillion Yen Spent READ MORE Currency Expert Predicts De-dollarization Will Fail and Backfire READ MORE Zimbabwe Announces Plans to Introduce Gold Backed Currency READ MORE U.S. Labor Market Cools, Sparking Economic Concerns for Fed Officials READ MORE Add a Comment Cancel replyYour email address will not be published.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