The last month of stable prices? Inflation report shows calm before Iran and tariff shocks |
The last month of stable prices? Inflation report shows calm before Iran and tariff shocks
The latest BLS report shows inflation data from before the U.S. attack on Iran caused a global oil shock
Frederic J. Brown/AFP via Getty Images
Inflation held relatively steady last month, per a Bureau of Labor Statistics report released Wednesday morning. On a monthly basis, the Consumer Price Index rose 0.3%, a slight tick up from January’s pace. Year over year, prices rose 2.4%.
Shelter remains the stickiest issue — once again the “largest factor” in the monthly increase. Food costs climbed 0.4% over the month and 3.1% from last year. One bright spot? The cost of........