US Edition
US Inflation Held Steady at 2.4% Annual Pace in February Before Middle East Energy Impact
February inflation held steady at 2.4% before recent Middle East conflict pushed pump prices up more than 18%, potentially raising future inflation, economists said.
- On Wednesday, the Bureau of Labor Statistics released the CPI showing annual inflation was unchanged at 2.4% in February.
- Monthly data show prices rose 0.3% month‑over‑month in February, faster than January's 0.2%, while economists had forecasted a 0.3% monthly increase and an annual rate of 2.5%.
- The timing matters because the February data were gathered before the United States and Israel launched an attack on Iran, and the two‑week conflict has already pushed up energy costs and raised pump prices for Americans.
- FOMC members will meet next week to decide rates, with CME FedWatch showing nearly a 100% chance of a hold despite the Friday jobs report revealing a 92,000 job loss last month.
- Economists predict Iran War effects to appear in the next report with a March CPI uptick, while Cory Stahle warns job seekers face tougher conditions amid 92,000 jobs lost last month.
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CPI report today: US inflation holds at 2.4% – here's why rising oil prices could soon hit your wallets
CPI Inflation Report Today: The latest CPI report reveals that US inflation held steady at 2.4%, but rising oil prices due to geopolitical tensions may soon affect consumer spending. Discover how energy costs and tariffs impact inflation and what to expect in the coming months.
Consumer prices in the United States, as measured by the CPI index, rose 2.4 percent year-on-year in February, the same as in January. The annual inflation rate is thus in line with analysts' expectations, reports the French news agency AFP. It is also the lowest level since May last year.
(New York = Yonhap News) Correspondent Lee Ji-heon = The US consumer price index in February remained at the previous month's level. However, the energy crisis caused by the Iran war...
Consumer Prices Rise 2.4 Percent Annually As Inflation Stays Stable
The U.S. consumer prices rose 2.4 percent in February compared with a year earlier, matching economists’ expectations and showing inflation remained stable, according to data released Wednesday by the Bureau of Labor Statistics. The Consumer Price Index increased 0.3 percent for the month. Core inflation, which excludes volatile food and energy prices, rose 0.2 percent in February and 2.5 percent annually. Both figures were in line with forecast…
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