Inflation Eases to 2.8%

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annual inflation rate

CNBC

•

Business

Business & Economics

Inflation rate eased to 2.8% in February, lower than expected

Summary

Nutrition label

87% Informative

Consumer price index for all-items and core CPI increased 0.2% in February , slightly below expectations.

On an annual basis, inflation was at 2.8% , while core was at 3.1% on a 12-month basis.

Economists had been looking for 0.3% increases on both headline and core, with respective annual rates of 2.9% and 3.2% , meaning that all of the rates were 0.1 percentage point less than expected.

Stock market indexes were mixed after the release after initially moving higher.

Atlanta Fed's GDPNow tracker has pegged Q1 growth at a 2.4% decline.

That would be the first negative growth quarter in three years .

Canada to impose 25% retaliatory tariffs on $21 billion worth of U.S. goods.

Inflation rate eased to 2.8% in February , lower than expected.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English