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...


Want to keep reading? This content is for subscribers only.

Login Subscribe