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U.S. consumer prices rose in line with expectations in February, suggesting inflation pressures remained relatively stable despite ongoing economic uncertainty.
According to data released by the U.S. Labor Department on Wednesday, the Consumer Price Index (CPI) increased 2.4% year-on-year in February, matching both the previous month’s reading and economists’ forecasts.
On a monthly basis, the key inflation gauge rose 0.3%, slightly accelerating from 0.2% in January, but still in line with market expectations.
Core inflation remains stable
When excluding volatile components such as food and energy, the core CPI rose 2.5% year-on-year, unchanged from January and matching analysts’ projections.
The core CPI increased 0.2% month-on-month, easing slightly from 0.3% in January, while also meeting forecasts.
Inflation trend remains closely watched
The data indicates that inflation in the United States continues to move broadly in line with expectations, offering policymakers a clearer view of price pressures in the economy.
Investors and policymakers are closely monitoring inflation trends as the Federal Reserve evaluates the timing of potential interest rate adjustments, with stable inflation readings suggesting that price pressures are not accelerating sharply at present.
The latest figures come at a time when markets are also assessing the potential inflationary impact of rising energy prices and geopolitical tensions, factors that could influence the trajectory of inflation in the months ahead.
