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BREAKING NEWS: Inflation Ticked Up in February

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After several improvements over the past year, inflation looks to be heating up again, according to the latest government data.

The Consumer Price Index (CPI) for all items rose 3.2 percent for the 12 months ending in February, before seasonal adjustment, the U.S. Bureau of Labor Statistics (BLS) reported today. That's a hotter reading than expected, and a hotter reading than in January, when inflation rose 3.1 percent year over year.

Core inflation—which excludes the more volatile food and energy prices—rose 3.8 percent for the 12 months ending in February.

Meanwhile, real average hourly earnings rose 1.1 percent, seasonally adjusted, from February 2023 to February 2024, the BLS reported separately today. The change in real average hourly earnings combined with a decrease of 0.6 percent in the average workweek resulted in a 0.5-percent increase in real average weekly earnings over this period. Comparatively, real average hourly earnings increased 1.4 percent, seasonally adjusted, from January 2023 to January 2024.
 
 
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