Cpi Report February 2024. Caldwell says that the february cpi report suggests a pce inflation reading for february of 0.3% excluding food and energy, or roughly 3.7% on an annualized basis. Many investors believe inflation is on a glide path toward the fed's 2% target.
The february figures show monthly gains sped up from the 0.3% index increase the prior month as gasoline prices spiked. The components we thought would have reduced, especially shelter, which comprises the bulk of cpi โ itโs a gigantic weight in the composition of the index โ we thought would have dropped.