Inflation was 6% in February, four tenths lower than in January. However, the price of food has increased by four tenths and the price of energy has increased by 0.6.
U.S. Bureau of Labor Statistics (BLS, in English).
But at a time when the Federal Reserve (Fed) is facing intense scrutiny over its measures to curb inflation, and with the bank SVB failing and fears of a banking crisis, consumer prices are falling by the month. Four tenths of a rise.
Core inflation, which measures the rise in consumer prices minus food and energy prices, was the most volatile, falling tenfold and aged 5.5% in February, the lowest since December 2021. BLS points out that the lowest value of
On a monthly basis, however, the core rose 0.5 points after gaining 0.4 points in January.
Higher housing-related prices were the biggest driver of price gains in February, accounting for 70% of the index gains, according to the BLS.8.1% YoY, up by a comma of 8
Meanwhile, food prices rose 0.4-fold to 9.5% y/y, while energy settled 0.6-fold to 5.2%.
As the agency recalled, the 6% inflation rate is the lowest since September 2021.
Inflation data are released at key times and are scrutinized to determine whether constant Fed rate hikes have had the desired effect of keeping prices down and to what extent they have impacted the evolution of the economy.
There are also questions about whether tightening monetary policy is contributing to concerns about the recent banking crisis.
In fact, some analysts say the Fed will be forced to further curtail or even pause rate hikes, forcing the Fed to intervene after stocks plunged as a result of the Silicon Valley Bank’s collapse last week. I expect. kinds.
The last time it was on February 1, it rose 0.25 points for the eighth time since March last year, confirming a slowdown in the rise.
The recent rise has left interest rates in the 4.5% to 4.75% range, the highest since September 2007, not as much as previous increases.