Inflation in the US slowed down in February to the lowest level since September 2016


In February, consumer prices in the United States increased by 0.2% compared to January, when the monthly figure did not change, the country's Department of Labor reported. In annual terms, prices rose by 1.5%. Compared with their increase of 1.6% in the previous month, inflation in February slowed to its lowest level since September 2016. The first indicator coincided with the forecasts of experts, whereas annual inflation was expected at the level of 1.6%. The inflation rate, which does not take into account energy and food, was 2.1% against the January value of 2.2%. The cost of new cars for the first time in 4 months showed a decline, and the fall in prices for cars with mileage of 0.7% was the highest since September. Record rates of decline in prices for the month were recorded in the category of prescription pharmaceuticals. Their value has fallen in annual terms at the fastest pace since 1972.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong