Annual Inflation Rate Down in Latest Federal Data
Annual Inflation Rate Down in Latest Federal Data
Lower energy prices drove down inflation in February, according new federal data released this week.
The U.S. Bureau of Labor Statistics released new data Wednesday showing inflation rose just 0.2% last month, part of a 2.8% rise over the last year.
The average annual inflation rate from January’s data was 3%, so overall annual inflation dropped in February.
The decrease was partially driven by a decline in energy prices, a key promise of President Donald Trump’s campaign, though whether it will last remains to be seen.
The BLS energy index decreased 0.2% on average in the last twelve months now that February's data is released.
“The index for shelter rose 0.3% in February, accounting for nearly half of the monthly all items increase,” BLS said.
“The shelter increase was partially offset by a 4% decrease in the index for airline fares and a 1% decline in the index for gasoline. Despite the decrease in the gasoline index, the energy index rose 0.2% over the month as the indexes for electricity and natural gas increased. The index for food also increased in February, rising 0.2% as the index for food away from home increased 0.4%. The food at home index was unchanged over the month.”
Egg prices remain high amid an Avian flu outbreak.
The White House touted the lower gas prices and airline fares, pointing to cutting regulations and opening up domestic energy production. Trump declared a national energy emergency upon taking office.
“Core consumer prices, which is the best measure of inflation, dropped to its lowest level in FOUR years,” White House Press Secretary Karoline Leavitt wrote on X.
“This inflation report, much like last week’s jobs report, is far better than the media predicted and the so-called ‘experts’ expected. When will they learn to stop doubting President Trump? As he successfully did in his first term, President Trump is driving down costs through massive deregulation and energy dominance.”
Leo XIV Is the New Pope
May 8, 2025
5 min
Trump Considers Jeanine Pirro to Replace Ed Martin as Top DC Prosecutor
May 8, 2025
2 min
FBI Opens Criminal Investigation of Letitia James
May 8, 2025
2 min
Texas AG Paxton Announces Vote Fraud Charges Against 6 People
May 8, 2025
1 min
Trump Announces Trade Deal with UK
May 8, 2025
1 min
Pakistan ‘Kills’ 50 Indian Soldiers in Retaliation Strikes
May 8, 2025
4 min
Bill Gates Accuses Elon Musk of ‘Killing’ Children with USAID Cuts
May 8, 2025
3 min
Trump Plans Executive Order to Slash Drug Prices
May 8, 2025
2 min
Trump to Announce Trade Deal with UK Thursday
May 8, 2025
3 min
Trump to Remove Biden-Era Chip Export Restrictions
May 8, 2025
3 min
Pro-Palestinian Protesters Take Over Columbia University Library — 80+ Arrested
May 8, 2025
5 min
Iranian Terror Cell Plotted Attack on Israeli Embassy in London
May 8, 2025
3 min
Putin and Maduro Sign Strategic Partnership Treaty in Moscow
May 8, 2025
<1 min
Ex-Porn Star Who Claimed He’s Diddy’s Sex Slave Signed $5M NDA
May 8, 2025
4 min
AG Bondi: Tens of Thousands of Videos of Epstein with Children, Child Porn
May 7, 2025
2 min
FBI Arrests 200+ Child Sex Predators
May 7, 2025
2 min
Pakistan Authorizes Military Response After India Strikes
May 7, 2025
5 min
Fed Holds Rates Steady — Warns of Stagflation
May 7, 2025
3 min
2nd Navy Jet Falls Into Red Sea from Truman Aircraft Carrier
May 7, 2025
3 min
Black Smoke Over Vatican Signal No Pope Elected on 1st Day
May 7, 2025
4 min