Forecasts For February Cpi Report Show Elevated Inflation Amid Tariff Price Pressures
Inflation may have cooled in february, but tariffs could push prices higher in the months ahead. The february consumer price index report showed that the inflation rate rose less than economists. Overall, economists expect that consumer prices rose 0. 3% on a monthly basis in february, according to factsets consensus estimates. That would lower the annual inflation rate to 2. 9% from 3. 0%. The consumer price index for february is forecast to show an increase of 0. 3% for a broad array of goods and services across the largest economy in the world.
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The consensus anticipates that headline. Forecasts for the february personal consumption expenditures price index show inflation staying above the federal reserves target, even as the inflationary impact of president donald. Over the 12 months through february, cpi rose 2. 8% the lowest since november, when inflation data started to heat up. Core cpi, excluding food and energy, rose at a similar monthly pace, with a 3. 1% gain in the year ending in february. Februarys 3. 1% core inflation is the lowest reading since april 2021, indicating a welcome sign of relief for consumers, but inflation is still historically elevated.
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