Prices rise slower than expected, good news ahead

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February brought welcome news for American consumers as inflation continued its downward trend, reaching its lowest level since last summer.

The latest data from the Labor Department shows consumer prices increased by 2.8 percent over the past year through February, marking a decrease from January’s three percent rise. The figure came in slightly below economists’ predictions of 2.9 percent.

Egg prices are coming down.

Gas prices are coming down.

Mortgage rates are coming down.

Inflation is coming down.

80% of Americans are excited!

The other 20% just don’t want to admit that Trump is Making America Great Again! pic.twitter.com/T9oAV0bO2l

— The Austin Conservative 🇺🇸🤘 (@atx_republican) March 12, 2025

When looking at core CPI, which removes the more volatile food and energy components from the calculation, the year-over-year increase was 3.1 percent. This represents an improvement from January’s 3.3 percent and beat analysts’ expectations of 3.2 percent.

The month-to-month inflation numbers painted an even more encouraging picture. Overall consumer prices inched up by just 0.2 percent in February, half the pace seen in January when prices jumped 0.5 percent. This marks the smallest monthly increase since August 2024. Core prices followed a similar pattern, rising 0.2 percent compared to January’s 0.4 percent increase.

BREAKING: America recorded its lowest core inflation in four years 🇺🇸

Elon Musk was spot on when he said that if we tackle the massive waste in government, we can actually address inflation. pic.twitter.com/idHIfccenk

— DogeDesigner (@cb_doge) March 12, 2025