CONSUMER PRICES INCREASED 6.0% FROM YEAR AGO

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Key Points:

  • The Consumer Price Index (CPI) rose 0.4% in February after rising 0.5% in January.
  • CPI increased 6.0% from a year ago, down from 6.4% in January, and the lowest reading since September 2021.
  • The rate of price increases remained above 5% for the twenty-first straight month.
  • The index for energy decreased 0.6% over the month, food increased 0.4%, and shelter increased by 0.8% over the month.
  • The core CPI, which excludes food and energy, rose 0.5% in February and is up 5.5% from the previous year.
  • The energy index is up 5.5% and the food index is up 9.5% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source