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Inflation fell for the eighth month in a row and stood at 6% per year, in line with expectations

Inflation fell for the eighth month in a row and stood at 6% per year, in line with expectations

According to the Consumer Price Index (CPI), it stood at 6% per year compared to the 6.4% registered in January, after the financial collapse.

The Economist

Inflation slowed in February in the US. According to the Consumer Price Index (CPI) it stood at 6% annual compared to 6.4% registered in January. This decline was in line with market expectations and the Fed’s decision is expected.

“The housing index was the one that contributed the most to the monthly increase of all items, and represented more than 70% of the increase,” while the core CPI – excluding food and energy – had an increase of 0.5%.

The figure is within the forecasts of the Bloomberg survey of economists, which also expected a 0.4% rise, and represents a moderation from the 0.5% increase that occurred in January.

The organization that disseminates the data highlights that the monthly advance was led by the housing index (+0.8%), which “represented more than 70% of the increase, with the food, recreation and household items and operations indices also contributing.”

The grocery index rose 0.4% for the month, with increases in five of the six major grocery store food group indices. Non-alcoholic beverages increased 1.0% in February, after an increase of 0.4% the previous month.

In the past year, the food index increased 9.5%, with increases of 10.2% in household food and 14.6% in cereals and bakery products.

Energy decreased by 0.6% in the second month of the year due to the effect of the fall in natural gas prices, while it became more expensive by 5.2% during the 12 months ending in February.

Source: Ambito

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