US Inflation Remained Stable in February at 2.4% Year-on-Year, Again Focusing Attention on the Fed
March 17 and 18 will be key days for the US Central Bank. Photo: Pexels
TL;DR
- US CPI remained unchanged at 2.4% year-on-year in February, meeting market expectations.
- Core inflation in the US also held steady at 2.5%.
- Monthly inflation in the US rose by 0.3% in February.
- Housing, food, and energy prices saw increases in February, with energy prices rising 0.6% after a January decline.
- OECD inflation fell by three-tenths in January to 3.3% due to a drop in energy prices.
- Energy inflation in the OECD countries was negative year-on-year for the first time since May 2025.
- Global inflation decreased in 22 out of 35 OECD countries for which data was available in January.
- Spain and Chile saw inflation decreases, while Mexico and Colombia experienced increases.
- Costa Rica remained the only country with negative inflation.