American consumers paid more overall for goods and services for the first time in four months in February, according to government figures released Tuesday, March 3, 2019. Still, inflationary pressures were mostly modest for the month and annual inflation pegged in at the weakest rate in almost two-and-a-half years.
Energy prices advanced on the month for the first time since October while the cost of food climbed for a fourth month in a row. On an annual basis, inflation has been kept largely in check by cheaper gasoline. Continue reading Annual Inflation Hits Lowest Rate in Nearly 2-1/2 Years