Inflation in line with expectations as CPI climbs 0.3% in February
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The Bottom Line
Consumer prices rose 0.3% in February, matching economic predictions.
How This Affects You
This means the cost of goods and services you buy increased by 0.3% in February, continuing to slightly erode your purchasing power.
AI Summary
The Consumer Price Index (CPI) increased by 0.3% in February, aligning with expert expectations. This rise in inflation was reported on Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady provided further details.
What's Being Done
The Consumer Price Index (CPI) increased by 0.3% in February, aligning with expert expectations.
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Inflation held steady last month before attack on Iran sent energy costs soaring
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