Inflation Ticked Up in February
Tampa Bay News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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U.S. inflation ticked up in February, with the Consumer Price Index report showing a 0.3% monthly increase and a 2.4% annual rise. Food and energy costs led the increase, with gasoline prices climbing 0.8% and utility gas services jumping 3.1%. Grocery prices accelerated, with meats, poultry, and fish surging 6.8% annually, while egg prices offered some relief, dropping 42.1% from a year ago. The Federal Reserve is expected to hold interest rates steady at their next meeting.
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