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United States Inflation February 2023

United States: Inflation falls to over one-year low in February

Inflation eased to 6.0% in February from January’s 6.4%. February’s figure marked the lowest inflation rate since September 2021 but was still triple the Federal Reserve’s 2.0% target. The result was driven by moderating price pressures for transportation, food and energy.

Accordingly, the trend pointed down slightly, with annual average inflation coming in at 7.7% in February (January: 7.9%). Meanwhile, core inflation fell to 5.5% in February, from January’s 5.6%.

Finally, consumer prices rose 0.37% in February over the previous month, moderating from the 0.52% rise seen in January.

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