{"id":51656,"date":"2026-03-11T21:36:51","date_gmt":"2026-03-12T01:36:51","guid":{"rendered":"https:\/\/prefblog.com\/?p=51656"},"modified":"2026-03-12T11:21:41","modified_gmt":"2026-03-12T15:21:41","slug":"march-11-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51656","title":{"rendered":"March 11, 2026"},"content":{"rendered":"

US inflation was basically steady<\/a>:<\/p>\n

The Consumer Price Index report showed that inflation steadied at 2.4 percent in February from the same time last year, matching January\u2019s annual increase. On a monthly basis, overall prices ticked up 0.3 percent.<\/p>\n

\u201cCore\u201d inflation, which excludes volatile food and energy prices, also budged little, registering a 2.5 percent year-over-year pace. Compared to the previous month, these prices were 0.2 percent higher.<\/p>\n

February\u2019s report, which was released by the Bureau of Labor Statistics on Wednesday, covers the period up until the United States and Israel first struck Iran on the final day of the month.
…<\/b>
In February, food prices were one of the biggest drivers of the overall increase, rising 0.4 percent over the course of the month, or 3.1 percent compared to the same time last year. Grocery prices, in particular, were up 2.4 percent, or 0.4 percent in February, while food away from home was 3.9 percent costlier on a year-over-year basis.
…<\/b>
Sectors most exposed to Mr. Trump\u2019s tariffs, such as appliances, have continued to become costlier. Prices for those goods rose 3.1 percent in February and are up 2.9 percent from a year ago. Furniture prices were flat for the month, although compared to the same time last year, are 4.2 percent higher.<\/p><\/blockquote>\n

With that in mind, we may review yesterday’s Survey of Consumer Expectations<\/a>:<\/p>\n

February Survey: Labor Market Expectations Decline Slightly Overall,
\nInflation Expectations Tick Down at Short-Term Horizon, and Delinquency Expectations Improve<\/b><\/p>\n