Here's the inflation breakdown for February — in one chart
Publishing timestamp: 2023-03-14 13:03:26
Summary
The article discusses the February inflation report from the U.S. Bureau of Labor Statistics, which shows that the consumer price index rose by 6% from a year earlier. While the annual inflation rate is slowly declining from its pandemic-era peak, it remains well above policymakers' target. Inflation began rising in early 2021 due to supply-and-demand imbalances, and now it's largely fueled by strong demand for labor. The article notes that there are fears of a "hard landing" scenario that could reduce inflation more quickly but at the cost of a recession.
Sentiment: MIXED
Keywords: svb financial group, business news, personal finance, economic events, consumer prices, mark zandi, united states, bureau of labor statistics, signature bank, inflation, consumer finance, federal reserve system,
Source: https://www.cnbc.com/2023/03/14/heres-the-inflation-breakdown-for-february-in-one-chart.html