CUNA Economics: Inflation Slows Down in February

Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement in response to the Labor Department’s February Consumer Price Index Report:     

“The consumer price index (CPI) increased by 6% over the last 12 months in February, down from 6.4% the previous month. Core prices, excluding food and energy items, increased 5.5%. This is the smallest increase since December 2021. The monthly price increased 0.4% and housing, a lagging indicator in the CPI, contributed to 70% of the increase. Inflation is slowing down, and we may see more reduction in the next few months as the CPI s...

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