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- The consumer price index rose 2.4% in February from a year earlier, unchanged from January, according to the Bureau of Labor Statistics.<\/strong><\/li>\n
- That\u2019s still slightly above policymakers\u2019 long-term inflation target, economists said.<\/strong><\/li>\n
- War in Iran complicates the picture. The conflict has caused oil prices to soar since the U.S. and Israel attacked Iran on Feb. 28, raising prices for gasoline and other types of fuel.<\/strong><\/li>\n<\/ul>\n
The article at CNBC includes the following charts:<\/p>\n
![\"\"](\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2026\/03\/USComsumerPriceIndex.jpg\")
<\/a><\/p>\n![\"\"](\"https:\/\/www.rightwinggranny.com\/wp-content\/uploads\/2026\/03\/USConsumerPriceIndex2.jpg\")
<\/a><\/p>\nThe article concludes:<\/p>\n
Overall the CPI inflation also looks better on paper than in reality due to a quirk in the data from the government shutdown in the fall.<\/strong><\/p>\n
The record-long shutdown, which ran from Oct. 1 to Nov. 12, prevented federal statisticians from collecting typical inflation data in October. Without that data, the BLS assumed that no price increases had taken place during the month for most categories of goods and services.<\/strong><\/p>\n
Taking that measurement quirk into account, the CPI inflation is likely around 2.7%, about 0.3 percentage point higher than reported Wednesday, said Zandi of Moody\u2019s.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"
Obviously, the increase in gasoline prices because of the war in Iran is going to impact inflation, but that should be a temporary increase. Meanwhile, the Trump administration is doing a good job of keeping inflation under control. On Wednesday, … Continue reading
- That\u2019s still slightly above policymakers\u2019 long-term inflation target, economists said.<\/strong><\/li>\n