The all-items U.S. Consumer Price Index rose by 0.68 percent in February, equivalent to an annual rate of 8.47 percent. That was the fastest since a similar one-month spike in June 2009. The uptick in the rate was attributable almost entirely to an increase in gasoline prices. When the effect of volatile food an energy prices are removed, the core inflation rate rose at an annual rate of just 2.06 percent, down almost a full percentage point from January.
Meanwhile, inflation expectations, based on data from the market for Treasury Inflation Protected Securities (TIPS), were little changed. Expected inflation for 5- and 10-years ahead remained around 1.5 percent.
Follow this link to view or download a classroom-ready slideshow with charts of all the latest inflation data from the Bureau of Labor Statistics.
For a more complete discussion of the latest data, read more here.
No comments:
Post a Comment