Tag: core inflation
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Inflation Just Posted Its Biggest One-Month Drop Since the Pandemic — Here’s Why That’s More Complicated Than It Sounds
June’s CPI report posted the biggest one-month price drop since the pandemic, driven almost entirely by a gasoline price reversal tied to the Iran war easing. Core inflation, the number the Fed watches most, barely budged.
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February 2026 CPI Report: Inflation Cools Slightly — But Food and Medical Costs Keep the Pressure On
Inflation held steady at 2.4% annually in February 2026 as the Consumer Price Index rose 0.3% on the month. Core prices cooled slightly, and the rent index posted its smallest monthly increase since January 2021. But food costs rose 3.1% over the year and medical care continued running hot at 3.4%.