An Article Summarized by CNBC
Inflation slowed in February, with the Consumer Price Index (CPI) rising 0.2% for the month and 2.8% year-over-year, both below expectations. Core CPI, which excludes food and energy, also increased 0.2%, bringing its annual rate to 3.1%, the lowest since April 2021. Shelter costs remained a primary driver, while food prices saw mixed changes—egg prices surged 10.4% in February (58.8% YoY), while airline fares fell 4%. Market reactions were mixed, with stock indexes fluctuating and Treasury yields rising. Analysts warn that the impact of recently imposed tariffs, including 25% duties on steel and aluminum, is not yet fully reflected in inflation data.
For the full article: https://www.cnbc.com/2025/03/12/cpi-inflation-report-february-2025.html
