US Inflation Rate Drops Slightly in February

The United States experienced a slight decrease in its annual inflation rate, moving from 3% in January to 2.8% in February, as reported by the Department of Labor Statistics. This figure was slightly below market expectations. The Consumer Price Index (CPI) saw a modest increase of 0.2% from the previous month.

Energy and Food Prices Show Mixed Trends

Energy prices showed a mixed trend, with a 0.2% decrease annually but a 0.2% increase on a monthly basis. Conversely, food prices rose by 2.6% year-on-year and 0.2% month-on-month, indicating a steady increase in food costs.

Core CPI Continues to Rise

The core CPI, which excludes food and energy, increased by 3.1% compared to February 2024 and by 0.2% from January, highlighting the ongoing rise in core inflation rates.