This report, more than most, feels like a real look back in time, so I'm not going to do a long thread. But a couple quick charts, starting with the headline: Overall inflation was steady in February, although it has picked back up a bit on a three-month basis.
Ben Casselman
Ben CasselmanMar 11, 20:31
U.S. consumer prices rose 0.3% in February and were up 2.4% from a year earlier. "Core" prices, excluding food and energy, were up 0.2% month/month and 2.5% year/year. But remember that all these numbers are from before the war in Iran sent gas prices soaring.
Core services excluding housing, which the Fed has at times highlighted as a measure of underlying inflation, has stalled out recently (and picked up sharply on a three-month basis).
No, it's not your imagination: Your morning cup of coffee has gotten a lot more expensive. Blame tariffs (and also climate change). More from @melbournecoal last fall:
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