Quotes
We came off a very high inflation and we haven’t fully returned to 2 percent on a sustainable basis,
he said at an event on Friday
As we parse the incoming information, we are focused on separating the signal from the noise as the outlook evolves,
he saidDespite the downward trend (of the CPI), a slowdown is not expected in March. The start of the school year and the reactivation of key sectors could generate some seasonal pressure on prices,
said Clara Alesina, economist at LyP
The government's goal of breaking the 2% barrier has not been fully realized, and in February, inflation may have even accelerated,
said consulting firm Eco Go in a reportEfforts to slow inflation included lowering the crawling peg to 1%, intervening in the exchange rate gap, and the discretionary updating of tariffs – which remained considerably below inflation – all aimed at moderating the indicator, but with limited success,
Eco Go addedHowever, in the second half of the month, increases exceeded expectations, largely driven by higher prices in Food and Non-Alcoholic Beverages, particularly meat,
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Today’s CPI report shows inflation is declining and the economy is moving in the right direction under President Trump. Core consumer prices, which is the best measure of inflation, dropped to its lowest level in FOUR years,
White House press secretary Karoline Leavitt said in a statement Wednesday morning
As he successfully did in his first term, President Trump is driving down costs through massive deregulation and energy dominance,
Leavitt continuedThe 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,
the BLS said
It doesn’t shift much for the Fed as a lot has happened since this data was collected. But we do expect energy prices to continue coming down as the year evolves,
he said
The economy’s fine. It doesn’t need us to do anything, really. And so we can wait, and we should wait,
Powell said
There's no real progress toward that 2% goal,
Dan North, senior economist at Allianz Trade Americas, a financial services firm, said
What really does matter is what is happening with long-term inflation expectations,
Powell addedWe do expect the correction in vegetable prices to start reversing, possibly as early as March, with risks from heatwaves and weather-related disruptions to crops,
they added
This will bring the repo rate to 5.50% by end-2025, which we identify as being close to the neutral rate,
they saidWe anticipate [February data] will show the first signs of President Trump’s 10% China tariff hike on core goods, alongside resilient non-shelter services inflation that may stay boosted by residual seasonality effects,
analysts with BNP Paribas financial group said in a note to clients
Inflation remains a major problem, ranked second behind the top problem, labor quality,
NFIB Chief Economist Bill Dunkelberg said in the release
We have massive cross-currents,
Mark Zandi, chief economist at Moody’s analytics, told NBC NewsWholesale Price Index (WPI) is expected to moderate to 2.0 per cent (y/y) in Feb'25, low from 2.3 per cent in the previous month, due to cooling in oil prices and a seasonal drop in food prices."
The report said
During the month of February 2025, NSO collected prices from 100 percent villages and 98.6 percent urban markets while the market-wise prices reported therein were 89.8 percent for rural and 92.6 percent for urban,
the ministry said