Inflation rate hits 2.8% in February, less than expected [View all]
Source: CNBC
Published Wed, Mar 12 2025 8:30 AM EDT Updated 5 Min Ago
Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday.
The consumer price index, a wide-ranging measure of costs across the U.S. economy, ticked up a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 2.8%, according to the Labor Department agency. The all-item CPI had increased 0.5% in January.
Excluding food and energy prices, the core CPI also rose 0.2% on the month and was at 3.1% on a 12-month basis. The core CPI had climbed 0.4% in January.
Economists surveyed by Dow Jones had been looking for 0.3% increases on both headline and core, with respective annual rates of 2.9% and 3.2%, meaning that all of the rates were 0.1 percentage point less than expected.
Read more: https://www.cnbc.com/2025/03/12/cpi-inflation-report-february-2025.html
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8:31 AM · Mar 12, 2025
Article updated.
Previous article -
Prices for goods and services moved up less than expected in February as consumers and businesses worry about the impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday.
The consumer price index, a wide-ranging measure of costs across the U.S. economy, ticked up a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 2.8%, according to the Labor Department agency.
Excluding food and energy prices, core CPI also rose 0.2% on the month and was at 3.1% on a 12-month basis.
Economists surveyed by Dow Jones had been looking for 0.3% increases on both headline and core, with respective annual rates of 2.9% and 3.2%, meaning that all of the rates were 0.1 percentage point less than expected.
Original article -
The consumer price index was expected to increase 0.3% in February and 2.9% from a year ago, according to the Dow Jones consensus forecast.
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