Inflation Heats Up in February, as Energy and Shelter Costs Spike, by Craig Bannister

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Grocery market. License: CC0 Public Domain. mohamed mahmoud hassan has released this “Grocery Market” image under Public Domain license.

By Craig Bannister, MRC TV, March 12, 2024

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in February – the largest monthly rise since September 2023 – on a seasonally adjusted basis, after rising 0.3 percent in January, the U.S. Bureau of Labor Statistics (BLS) reported Tuesday.

The 12-month increase in prices also intensified in February. Compared to the same month in 2023, the all-items index rose 3.2 percent, higher than last month’s 3.1% January-to-January rise. …

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