The central bank has raised interest rates significantly in recent months.
(Photo: dpa)
Dusseldorf, Frankfurt The trend of falling headline inflation rates in the US is continuing. In February, consumer prices (CPI) in the world’s largest economy rose by 6.0 percent compared to the same month last year. This was announced by the Department of Labor on Tuesday.
This level was expected in advance. It is the lowest rate since January 2021 and the eighth straight decline. Once again, the higher cost of living space was the strongest driver of inflation. In January, the inflation rate was 6.4 percent.
Compared to the previous month, consumer prices rose by 0.4 percent, after 0.5 percent in January. That means: The same shopping basket was 0.4 percent more expensive in February 2023 than in January 2023.
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