INFLATION RISES TO 3.2%, ABOVE EXPECTATIONS

Key Points:

  • The Consumer Price Index (CPI) rose 0.4% in February after rising 0.3% in January.
  • CPI increased 3.2% from a year ago, up from 3.1% in January, and above consensus of 3.1%.
  • The index for shelter rose 0.4% and the energy index rose 2.3% over the month.
  • The index for food at home was unchanged over the month while the index for food away from home rose 0.1%.
  • The core CPI, which excludes food and energy, rose 0.4% in February and is up 3.8% from the previous year.
  • The energy index is down 1.9%, the food index is up 2.2%, and shelter is up 5.7% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source