Inflationary pressures in the US continued to rise in February, as expected
March 12, 2024
According to the latest data from the Bureau of Labor Statistics, inflationary pressures in the United States continued in February, with the Consumer Price Index rising 0.4% from the previous month and 3.2% year-over-year. Both indicators were broadly in line with economists’ forecasts. ‘Core’ prices, which exclude food and petrol, continued to rise, rising 0.4% month-on-month and 3.8% year-on-year, both higher than expected.
