February inflation — +0.1% CPI seasonally adjusted « Hot Air: "The seasonal adjustment on gasoline must be rather powerful. Here in southeast Wisconsin, the annual skyrocket of gasoline prices began just after February started, going from $3.15/gallon at the beginning of the month to $3.50/gallon by the end of the month.
Reuters noted that the “core CPI”, which strips out energy and food, did increase by 1.6% over the past 12 months. It, however, is well below the 2% inflation rate targeted by the Federal Reserve, with the measure watched by the Fed, the index of personal consumpition expenditures, even lower than that."
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