The US Department of Labor’s Bureau of Labor Statistics said Thursday that consumer prices rose the most since January 1982, up 7.9 percent in February from 7.5 percent in January. Analysts’ forecasts also included an average inflation rate of 7.9% for February.
On a monthly basis, inflation was 0.8 percent after 0.6 percent in January, according to analysts’ estimates.
Excluding energy and food prices, consumer prices (core inflation) increased by 6.4 percent after 6 percent in January, with a monthly increase of 0.6 percent to 0.5 percent.
The acceleration in annual inflation is driven by higher energy prices, a shortage of employment, increased demand, and disruptions in global supply chains.
Last month, energy prices rose 25.6 percent year-on-year after rising 27 percent in January, with gasoline prices rising 38 percent after 40 percent in January.
The annual growth rate of home prices accelerated from 4.4 percent in January to 4.7 percent, with food prices rising to the highest level since February 1981 to 7.9 percent since January and 7 percent of new car prices rising from 12.2 percent to 12.4 percent. Acceleration to percent.
MTI
