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Inflation gauge increased 0.4% in February,
as expected and up 6% from a year ago

Original Article

Posted By: NorthernDog, 3/14/2023 8:51:53 AM

Inflation rose in February but was in line with expectations, providing a key input into whether the Federal Reserve continues to raise interest rates. The consumer price index increased 0.4% for the month, putting the annual inflation rate at 6%, the Labor Department reported Tuesday. Both readings were exactly in line with Dow Jones estimates. (Snip) A decrease in energy costs helped keep the headline CPI reading in check. The sector fell 0.6% for the month, bringing the year-over-year increase down to 5.2%. Food prices rose 0.4% and 9.5% respectively. Shelter costs, which make up about one-third of the index’s

Comments:

Don't celebrate too much. Buried in the article - food prices are up 9.5% and housing +8.1%.

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Reply 1 - Posted by: Jethro bo 3/14/2023 9:17:04 AM (No. 1424608)
Not good news and adds to uncertainty with the current Diaper Joe bank failures. Looks like times are about to be as hard as the times in '29!
1 person likes this.

Reply 2 - Posted by: formerNYer 3/14/2023 11:23:02 AM (No. 1424763)
Gee I thought inflations was tranistory? Three years worth of transitory infaltion. This article would have been written opposite from how it was written had their been a Republican president. FTA: Eggs in particular tumbled 6.7%, though they were still up 55.4% from a year ago.
2 people like this.

Reply 3 - Posted by: smokincol 3/14/2023 1:31:13 PM (No. 1424912)
who are they kidding??? inflation is up in the double digits!!!
3 people like this.

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