The Bureau of Labor Statistics released the CPI numbers for February 2008 today. After Seasonal Adjustments, CPI was 4.121% higher than February 2007 and Core CPI was 2.279% higher than a year ago. Compared to last month after seasonal adjustments, CPI was basically unchanged. CPI rose only 0.026% from January 2008 and Core CPI rose 0.040%.
Looking at inflation on an annual basis, Core CPI is still at the high end of the Fed’s comfort level, but it has not spiked up. The weakening of the dollar should continue to put pressure on commodity prices especially imported commodities.
Looking at inflation on an annual basis, Core CPI is still at the high end of the Fed’s comfort level, but it has not spiked up. The weakening of the dollar should continue to put pressure on commodity prices especially imported commodities.
Sphere: Related Content
No comments:
Post a Comment