economy
Inflation held firm last month — but the war with Iran could change that
Annual inflation was unchanged last month at 2.4%, according to the latest Consumer Price Index, released Wednesday.
TL;DR
- Annual inflation remained at 2.4% in the latest Consumer Price Index report.
- Monthly prices rose 0.3% in February, a faster pace than January's 0.2%.
- Energy prices increased by 0.6% last month, with fuel oil up 11.1%.
- Gasoline prices rose 0.8%, while electricity prices fell 0.7%.
- Core inflation, excluding food and energy, was unchanged annually at 2.5% and rose 0.2% monthly.
- Upcoming inflation data may show increases due to a recent conflict impacting energy costs.