Business
U.S. inflation eases in February, dropping to 2.8% below expectations
Economists predicted that the consumer price index would increase to 2.9%.
March 12, 2025 12:42pm
Updated: March 12, 2025 7:37pm
The Labor Department reported Wednesday the prices for goods and services in February increased 0.2%, compared to the previous month, after rising 0.5% from December 2024 to January.
The report, the department's Bureau of Labor Statistic's consumer price index, is wide-ranging measure of costs across the U.S. economy.
The report also shows the cost of goods over the last 12 months increased 2.8%.
Economists predicted that the consumer price index would increase to 2.9%, according to CBS News.
A primary driver for the month-over-month increase was the rising cost of eggs, the report also states.
