The headline inflation figure of 0.6% is the lowest since January 2021. Core inflation — which strips out prices of private transport and accommodation — dipped to 0.5%. The reading was driven by a ...
The January CPI report showed cooling inflation, a key factor in whether the Federal Reserve resumes interest rate cuts.
Inflation held steady in February as the headline figure for the Consumer Price Index remained at 2.4% year-over-year.
Consumer inflation slowed slightly last month, surprising economists. The consumer-price index rose by 2.7% in November from a year earlier. Economists polled by The Wall Street Journal had forecast a ...