Inflation data cools in February, and reduces the investor’s concerns about the health of the American economy

The Consumer Prices Index (CPI) in February showed that inflation pressure fell in February, calming some concerns about the health of the US economy within a few rocky weeks for the markets.

The latest data from the Labor Statistics Office showed that the Consumer Prices Index (CPI) increased by 2.8 % than the previous year in February, which is 3 % less than annual profit in January and before economists’ expectations with an annual increase by 2.9 %.

The index increased by 0.2 % during the previous month, leaving a 0.5 % increase in January and a recovery compared to economists’ estimates from a monthly increase of 0.3 %.

On the basis of “basic”, which comes out the most volatile costs of food and gas, prices increased in February by 0.2 % during the previous month, less than a monthly profit by 0.4 %, and 3.1 % over last year – a less annual increase in the basic consumer price index since April 2021.

This also represents a 3.3 % basic increases in the previous period, and was before the estimates of the Bloomberg consensus.

This was the first time since July that the main address and the main CPI have shown a slowdown in price growth.

Basic inflation remained stubborn due to the sticky costs of shelter and services such as insurance and medical care. But the shelter showed other signs of dilution in February, as it rose by 4.2 % on an annual basis, and it is 12 months old since December 2021.

On a monthly monthly basis, the shelter index increased by 0.3 % compared to an increase of 0.4 % in January. Likewise, each of the rental and equivalent owners (OER) increased by 0.3 % during the previous month. The equivalent lease is the virtual rent that the owner of the house will pay for the same property.

Meanwhile, the power index increased by 0.2 % months after a month of jumping by 1.1 % in January. On an annual basis, the power index decreased by 0.2 %, as it decreased due to gas prices, which decreased by 1 % after an increase of approximately 2 % in the previous month. Besides the fall in gas prices, a 4 % decrease in the aviation price index also helped reduce the main number.

It is worth noting that food prices showed some signs of slowdown after a few sticky readings, and rose 0.2 % last month after a 0.5 % jump in January. However, egg prices continued to rise – another 10.4 % increase after 15.2 % to start the year. On an annual basis, egg prices increased by 58.8 %.

Alexandra channel He is a major correspondent in Yahoo financing. Follow it on x Allie_ANALand LinkedIn, And send it by email to Alexandra.ANAL@yahoofinance.com.

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