Inflation Rose Slightly Last Month—First Time Since September

Annual inflation ticked up in February, the Bureau of Economic Analysis reported Friday morning, though inflation remains well on its moderating path.Getty ImagesAnnual PCE inflation, the year-over-year change in personal consumption expenditures, rose from 2.4% in January to 2.5% last month, in line with consensus economist estimates of 2.5%.

Core PCE inflation, which is the Federal Reserve’s favored inflation gauge as it excludes food and energy expenditures, also came in exactly at economist estimates of 2.8%, where it stood in January.Annual core PCE inflation, which measures the year-over-year change in Americans’ personal consumption expenditures, is the Federal Reserve’s preferred inflation measure.

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US consumer sentiment ticks down slightly, but most expect inflation to ease furtherConsumers became slightly less optimistic about the economy this month, though they continue to expect inflation to cool further, a potential sign that price increases will keep slowing. The University of Michigan’s consumer sentiment index slipped to 76.5 in March, barely below February’s figure of 76.9.
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