Inflation Rate Mildest in 6 Months

CPI reports came out this morning on a more positive note with a reading of 0% being delivered when 0.3% was expected for finlation. The same result came for core-inflation as well.

Energy prices though continue their upward climb which begs many to wonder if this is just a very temporary sign of relief.

The flat reading for core inflation in February left underlying inflation rising by 2.3 percent over the last year. This is still above the Federal Reserve Board’s “comfort” range of 1 percent to 2 percent.