re: Inflation rate drops for Feb

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It stayed the same as January.

It was less than the forecast, but it did not drop.

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Consumer prices in February were up 2.8% from a year ago, according to a report Wednesday from the Labor Department. That's a smaller annual increase than the 3% recorded in January

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Que?

All you frickers were crying and have been wrong. Just admit it.

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Is there a reason the media is stating this is a “cool” report, even though it’s the same reading as

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Expected 2.9
Actual 2.8

Let’s not get it twisted, it’s just data and numbers

CPI MOM Feb 0.2 Jan 0.5
CPI YOY Feb 2.8 Jan 3.0

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Is there a reason the media is stating this is a “cool” report, even though it’s the same reading as the “hot” (their words) January report?

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Am I missing something? January's month over month inflation rate was 0.47% while February's was 0.22%, and year over year, January's increase to 2.99% from 2.87% while February's decreased to 2.81%.

Obviously month to month data are volatile and year over year data are susceptible to base effects, but compared to January, February was "cooler," and it was cooler than any other February reading month over month since 2020 at the start of the pandemic.

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All you frickers were crying and have been wrong. Just admit it.

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I made a comment this morning based on what I had seen for January from a quick search and it was incorrect. I’ve edited.

I think the article was being auto-updated with current figures hence the 2.8% that was in the snippet I read. My apologies.

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Mortgage rates dropped for 6th straight week.

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By definition yea, but not anything significant.

don't think i've ever posted on the political board -- but since no one on the money board posted the correct shite and i do this for a living i figured i'd give the correct info