Inflation remained stable in February compared to last year, according to the release of the increase in the price of the preferred federal reserve.
Readings that match economic expectations.
Consumer prices rose 2.5% in February compared to the previous year, registered at a level that was slightly higher than the target Fed target of 2%, the Ministry of Trade’s data on Friday showed.
Core Inflation – A tightly supervised size that eliminates the price of volatile food and energy – an increase of 2.8% from the year ended in February, beating higher than the previous month, the data shows.
The new data arrived a little more than a week after Fed chose to leave the interest rate unchanged.
A spending grabbed a group of eggs in South Pasadena, California.
Frederic J. Brown/AFP Via Getty Images
Speaking at a press conference after the tariff decision, Fed Jerome Chair Powell’s wrong Tariff Donald Trump for the “good part” of this new inflation. The central bank predicts that weaker year -end economic growth and higher inflation than in the December estimate.
Consumer surveys show increased concerns about inflation because Trump imposes tariffs on the top trading partners and the main industry.
Economists widely expect tariffs to increase prices because importers usually provide part of the tax burden to consumers in the form of higher costs.
Trump announced plans this week to slap 25% tariffs on all imported cars, increase the global trade war and bring up criticism from leaders in Canada and Europe. The tasks occur on steel and aluminum tariffs, as well as levies from China, Canada and Mexico.
The Ministry of Trade’s data for February includes a period that mostly preceded Trump’s tariff, even though the reading arrived in the middle of the acceleration of inflation that stretched back to the last months of the Biden administration.
Prince’s increase dropped dramatically from the peak of more than 9% in 2022, but slightly rose at the end of last year.
This is a developing story. Please check again for updates.