class=”sc-3778e872-0 gWjAEa”>
This is the lowest increase since September 2021. Analysts were waiting for the current development. On a monthly basis, consumer prices rose 0.4 percent after 0.5 percent in January.
According to the ministry, rents, which accounted for more than half of the monthly increase, again increased particularly significantly. While energy was cheaper, food was also more expensive. Core inflation, excluding fluctuating energy and food prices, was 5.5 percent annually and 0.5 percent monthly. Here, too, the annual rate has dropped, but only slightly.
Inflation data is currently in focus as it is of great importance to the monetary policy of the US Federal Reserve. However, their importance has recently waned due to the turmoil in the US banking sector. Market participants are wondering if the Fed will stay on course and raise interest rates at its next meeting in a little over a week. Economists do not agree on this.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
