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Inflation in the US – February 2023. New data in line with economists’ expectations

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Inflation in the US in February 2023 slowed down to 6.0 percent year on year. This is the lowest level since September 2021. For comparison, in January 2023, the increase in consumer prices on an annual basis was 6.4 percent. The data are in line with economists’ expectations.

Economists polled by Reuters expected that inflation down to 6.0% in February. Every year. inflation in USA peaked at 9.1 percent. year-on-year in June 2022, which was the largest increase since November 1981.

Inflation in the US – comments

Przemysław Kwiecień, chief economist at XTB, pointed out that inflation in the US in February this year was it was “almost as expected”. “The only ‘surprise’ is core +0.5% m/m, consensus +0.4% m/m,” he wrote.

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The economist pointed out that “inflation is helped by non-base components – food and fuel.”

The XTB brokerage house, referring to the inflation data in the US in line with expectations, wrote that “markets received this information with relief”.

Main photo source: MontenegroStock / Shutterstock.com

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