{"id":42882,"date":"2026-04-09T12:54:02","date_gmt":"2026-04-09T12:54:02","guid":{"rendered":"https:\/\/financialrush.com\/?p=42882"},"modified":"2026-04-09T12:54:02","modified_gmt":"2026-04-09T12:54:02","slug":"core-inflation-was-3-in-february-as-expected-key-fed-gauge-shows","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=42882","title":{"rendered":"Core inflation was 3% in February, as expected, key Fed gauge shows"},"content":{"rendered":"

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A customer shops for beef at a grocery store on April 6, 2026 in Los Angeles, California. <\/p>\n

Justin Sullivan | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Core inflation eased slightly in February before the recent surge in energy prices, according to a key gauge released Thursday that offers the Federal Reserve a snapshot of conditions leading into the Iran war.<\/p>\n

The core personal consumption expenditures price index, which excludes food and energy, rose a seasonally adjusted 3% in February, the Commerce Department reported. The all-items headline inflation measure increased 2.8%.<\/p>\n

Both readings were in line with the Dow Jones consensus. The core annual inflation rate was 0.1 percentage point lower than in January while headline was unchanged.<\/p>\n

On a monthly basis, both core and headline prices rose 0.4%, also meeting forecasts.<\/p>\n

The Fed uses the PCE price index as its primary yardstick and forecasting tool for inflation. The Fed, which targets 2% inflation, sees core as a better indicator of longer-term trends.<\/p>\n

This is breaking news. Please refresh for updates<\/strong>.<\/p>\n<\/div>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n\n
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