The consumer price index fell to 1.3% last month, its lowest level since March 2022 and below the central bank's 2% target.
Core inflation, which strips out volatile food and energy prices, rose a tenth of a percentage point to 2.8% for the year ending in February, the Bureau of Labor Statistics reported Friday in an ...
Prices that consumers pay rose slightly in May, while the annual inflation rate edged further away from the Federal Reserve's target, according to a Commerce Department report Friday. The personal ...
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.