Posted 3/12/2024, 6:00:00 AM
Inflation Remains Stubbornly High With No February Reprieve in Sight
- February CPI inflation report expected to show prices rose 3.1% annually in February, unchanged from January
- Monthly inflation seen accelerating to 0.4% pace in February, up from 0.3% in January
- Core CPI inflation (excluding food and energy) forecasted to be 0.3% monthly, 3.7% annually
- Report closely watched by Fed for signs of progress in bringing down inflation
- High inflation continues creating financial hardship for most U.S. households
