Inflation Rises, Gas & Groceries Hit Hard
Washington DC News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. inflation ticked up in February, with overall prices climbing 2.4% year-over-year, driven by rising food and energy costs. Gasoline prices surged 8% last month, while utility gas services and electricity also increased. Grocery prices rose 2.4% annually, with beef seeing a significant 14.4% jump. However, eggs saw a substantial drop, down 42.1% from last year. The Federal Reserve is expected to maintain interest rates in the 3.5-3.75% range at their March meeting.
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