U.S. Annual Inflation Slows to 2.4% – CPI Figures Come in Below Expectations
Headline CPI rose 0.2% month-over-month versus the 0.3% forecast, while core inflation matched expectations at 2.5% annually.
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Terms & Concepts
Consumer Price Index (CPI): A key economic indicator measuring the weighted average of prices of a basket of consumer goods and services, used to assess inflation.
Core CPI: An inflation measure that excludes volatile food and energy prices to provide a clearer view of long-term price trends.