3.14.2023 Three Implications of the Latest Inflation Release
Overview
The monthly consumer inflation rate slowed slightly to 0.4% in February from 0.5% the previous month, enough to push the annual rate of inflation down to the lowest since mid-2021.
- Housing costs accounted for over 70% of the increase in February and were the largest contributor to the monthly growth rate. This component will not likely be a significant driver of inflation by year end as more multi-family units come to market.
- Headline annual inflation rose 6%, the smallest increase since September 2021 and should reassure investors that inflation will cool further in the coming months.
- Food inflation rose 0.3% in Februa...
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