US Annual Inflation Slides To Lower-Than-Expected 2.8 Percent

The latest U.S. annual inflation rate, released on March 12, came in below economists’ expectations, driven by lower energy costs.

According to the Bureau of Labor Statistics (BLS), the annual inflation rate slowed to 2.8 percent in February, down from 3 percent in January.

Core inflation, which strips the volatile energy and food components, also eased to 3.1 percent, down from 3.3 percent in the previous month.

The Consumer Price Index (CPI) and core CPI each rose 0.2 percent monthly.

This is a developing story and will be updated.