February CPI inflation FALLS to 2.8%, below expectations of 2.9%.
Core CPI inflation FALLS to 3.1%, below expectations of 3.2%.
U.S. FEBRUARY CORE CPI INFLATION RISES 0.2% M/M; EST. 0.3%; PREV. 0.4%
This marks the first decline in both Headline and Core CPI since July 2024.
Basically, inflation is cooling, yes, inflation is still going up, but at a slower rate. Getting closer to the Feds target of 2%.