WASHINGTON--The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% on a seasonally adjusted basis in February, after rising 0.2% in January, the U.S. Bureau of Labor Statistics reported.
Over the last 12 months, the all-items index increased 2.4% before seasonal adjustment.
“Inflation held steady year over year in February, with core inflation continuing to ease. Core goods prices have remained flat over the last three months, suggesting that the impact of tariffs is becoming less of a factor. Housing costs saw a modest monthly increase over the same period,” said America's Credit Unions Senior Economist Dawit Kebede. “The Federal Reserve is expected to hold rates – probably for longer as the ongoing conflict in the Middle East will probably put upward pressure on prices in the months ahead, particularly on food and energy. Through this uncertainty, credit unions remain a trusted financial partner for members navigating a high price environment."