Consumer prices rose 2.4% annually in February, as expected [View all]
Source: CNBC
Published Wed, Mar 11 2026 8:31 AM EDT Updated 20 Min Ago
Prices consumers pay for a broad range of goods and services rose in line with expectations for February, offering a final look at inflation pressures before an oil shock tied to the Iran war rattled the outlook.
The consumer price index increased a seasonally adjusted 0.3% for the month, putting the 12-month inflation rate at 2.4%, according to Bureau of Labor Statistics data released Wednesday. Both numbers matched the Dow Jones consensus forecast.
Stripping out volatile food and energy prices, core CPI posted a 0.2% monthly reading and 2.5% annual rate, compared to forecasts for 0.2% and 2.5%, also in line with the estimates.
The annual rates were unchanged from January, indicating that inflation was holding above the Federal Reserve’s 2% target but not getting worse. While the report showed inflation broadly stable, prices rose modestly for shelter and services while several goods categories, including used vehicles and auto insurance, saw declines.
Read more: https://www.cnbc.com/2026/03/11/cpi-inflation-report-february-2026.html
From the source -
Link to tweet
@BLS_gov
CPI for all items rises 0.3% in February; shelter up #BLSData #CPI https://bls.gov/news.release/a
rchives/cpi_03112026.htm
8:30 AM · Mar 11, 2026
Article updated.
Previous article -
Prices consumers pay for a broad range of goods and services rose in line with expectations for February, offering a final look at inflation pressures before an oil shock tied to the Iran war rattled the outlook.
The consumer price index increased a seasonally adjusted 0.3% for the month, putting the 12-month inflation rate at 2.4%, according to Bureau of Labor Statistics data released Wednesday. Both numbers matched the Dow Jones consensus forecast.
Stripping out volatile food and energy prices, core CPI posted a 0.2% monthly reading and 2.5% annual rate, compared to forecasts for 0.2% and 2.5%, also in line with the estimates. The annual rates were unchanged from January, indicating that inflation was holding above the Federal Reserve's 2% target but not getting worse.
While the report showed inflation broadly stable, prices rose modestly for shelter and services while several goods categories, including used vehicles and auto insurance, saw declines.
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Original article -
The consumer price index in February was expected to show a 2.4% increase from a year ago, according to the Dow Jones consensus.
This is breaking news. Please refresh for updates.
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