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US inflation remained elevated last month as consumer spending recovered

  • Core inflation in February rose to 2.8%, which is higher than expected according to the Commerce Department data released on Friday.
  • Consumer spending increased by 0.4% in February after a 0.3% decline in January, as reported by the Commerce Department.
  • The Personal Consumption Expenditures price index rose 2.5% in February compared to the previous year, remaining steady with January's figures.
  • Economists warn that new tariffs on auto imports may raise prices and impact the economic outlook.
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US Fed's preferred inflation gauge shows some cause for concern

WASHINGTON, United States — The US Federal Reserve’s preferred inflation measure was largely unchanged last month, according to government data published Friday, but a widely scrutinized gauge of underlying price pressures rose. The personal consumption expenditures (PCE) price index rose 2.5 percent in the 12 months to February, the Commerce Department said in a statement,

·Manila, Philippines
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Winnipeg Free Press broke the news in Winnipeg, Canada on Friday, March 28, 2025.
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