Inflation at 3.2%
According to the Bureau of Labor Statistics, the seasonally adjusted consumer price index (CPI) rose by a larger than expected 0.4 in February, making the inflation rate over the last 12 months 3.2%, while almost half of last year's level, it has not dropped since last October.
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Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.
(Original air-date: 3/29/24)
