Inflation remained stable in February compared to a year ago, according to a statement from the preferred meter of federal reserve price increases.
Reading coincided with the expectations of economists.
Consumption prices rose 2.5% in February compared to the previous year, registering at a slightly higher level than the 2% Fed objective rate, showed Friday data from the Commerce Department.
The nucleus inflation, a monitored measure that eliminates volatile food and energy prices, increased 2.8% during the year ended in February, marking more than the previous month, according to the data.
New data comes just over a week after the Fed chose to leave interest rates without changes.
A buyer looks for a cardboard of eggs in southern Pasadena, California.
Frederic J. Brown/AFP through Getty Images
Speaking at a press conference after Tarifa’s decision, the president of the FED, Jerome Powell, criticized the tariffs of President Donald Trump for a “good part” of recent inflation. The Central Bank predicted a weaker economic growth at the end of the year and greater inflation than in a December forecast.
Consumer surveys show growing fears of inflation, since Trump imposes tariffs on the main commercial partners and key industries.
Economists widely expect tariffs to increase prices because importers generally transmit a part of the tax burden on consumers in the form of higher costs.
Trump announced plans to slapped 25% of tariffs on all imported cars, increasing a global commercial war and causing criticism of leaders in Canada and Europe. The duties arrived immediately after tariffs on steel and aluminum, as well as the encumbrances of the goods of China, Canada and Mexico.
The data of the Department of Commerce for February covers a period that greatly precedes Trump’s tariffs, although reading arrives in an episode of accelerated inflation that dates back to the last months of the Biden administration.
Prince’s increases dramatically fell from a peak of more than 9% in 2022, but accelerated slightly at the end of last year.
This is a development story. Consult the updates again.
