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Consumer Price Index, February 2023
The Consumer Price Index (CPI) rose 5.2% year over year in February, following a 5.9% increase in January. This was the largest deceleration in the headline CPI since April 2020. The year-over-year deceleration in February 2023 was due to a base-year effect, for the second consecutive month, which is attributable to a steep monthly increase in prices in February 2022 (+1.0%). Excluding food and energy, prices were up 4.8% year over year in February 2023, following a 4.9% gain in January, while the all-items excluding mortgage interest cost rose 4.7%, after increasing 5.4% in January. On a monthly basis, the CPI was ... (full story)
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- Posted: Mar 21, 2023 8:30am
- Submitted by:Category: Medium Impact Breaking NewsComments: 0 / Views: 2,074
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