Last month saw a slight increase in US inflation, undoing recent advances

==========

The most recent US inflation report revealed that the Personal Consumption Expenditures price index showed a 2.5% increase for the 12 months ending in February, higher than January's 2.4% rise. Energy prices saw a 2.3% jump last month, contributing to the overall increase in the annual inflation rate. The core PCE index, which excludes energy and food, slowed slightly to a 2.8% annual rate from January's 2.9%. Consumer spending showed a surprising acceleration last month, with a 0.8% increase compared to 0.2% in January. Despite the latest inflation data, the Fed's plans to eventually cut interest rates remain unchanged. The Fed currently predicts three rate cuts this year, with expectations that the first may come as early as June.

https://globeecho.com/last-month-saw-a-slight-increase-in-us-inflation-undoing-recent-advances/