TMF - U.S. Inflation Rose 0.2% In February; I Bond Investors Get Bit Of Good News
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, "headline" inflation increased 1.5%.
The 12-month inflation number of 1.5% was the lowest recorded since September 2016.
February's 0.2% increase matched the consensus estimate and came after inflation was essentially unchanged from November to January. Some highlights from the report:
- For the first time in many months, the gasoline index increased, with prices rising 1.5% in the month. This trend appears to be