Breaking: Inflation was lower at 6.0% in February as the Federal Reserve faces dual threats of rising prices and financial instability
As inflation climbs in the U.S., rising food and energy costs have pushed the nation’s most popular price index to its highest level in four decades. WSJ’s Gwynn Guilford explains how the consumer-price index works and what it can tell you about inflation. Illustration: Jacob ReynoldsElevated inflation cooled modestly in February, as the Federal Reserve faces dual threats of rising prices and financial instability.
The consumer-price index, a closely watched inflation gauge, rose 6% in February from a year earlier, versus a 6.4% gain the prior month, the Labor Department said Tuesday, the slowest pace since September 2021. The smaller increase comes as the Fed contemplates its next interest rate move while confronting price pressures and bank failures.
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