Inflation in the U.S. is showing signs of stabilizing, even though the latest data indicates that underlying price pressures remain persistent and could build again in the near term.
Consumer prices rose 2.4% year-on-year in February, unchanged from the previous month, according to the U.S. Bureau of Labor Statistics. The agency also reported that core inflation, which strips out more volatile components like food and energy, came in at 2.5%, reflecting continued cost pressures in sectors such as housing and healthcare, according to Reuters.
