US inflation is slightly down

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Inflation in the United States slowed in February to 1.5 percent on an annual basis, from 1.6 percent a month earlier. This is according to figures from the US government.

Economists generally expected unchanged inflation. Core inflation, excluding fluctuating energy and food prices, was 2.1 percent on an annual basis, compared to 2.2 percent in January. US consumer prices rose by 0.2 percent on a monthly basis.

Inflation plays an important role in the interest rate policy of the Federal Reserve, the American umbrella of central banks.

About the author

Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

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