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Personal Lines Megan Henderson Personal Lines Megan Henderson

Inflation Rate Eases to 6% Year-over-Year Increase in February

The U.S. Bureau of Labor Statistics (BLS) reported that the consumer price index (CPI) rose 6% year over year in February, slightly down from 6.4 % in January. This is the eighth consecutive month the CPI has declined and marks the lowest reading since September 2021. As such, the CPI increase was in line with predictions as it’s slowly but steadily declining.

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