The US consumer price index recorded its slowest growth rate in four months in February, bringing a glimmer of relief after months without significant progress in reducing inflation. According to data released by the US Bureau of Labor Statistics on Wednesday, the consumer price index rose by 0.2% and rose sharply by 0.5% in January. Excluding the food and energy categories, which fluctuate frequently, the core indicator also increased by 0.2%. The US Bureau of Labor Statistics said that nearly half of the increase in the overall index was due to housing cost factors.

The US consumer price index recorded its slowest growth rate in four months in February, bringing a glimmer of relief after months without significant progress in reducing inflation. According to data released by the US Bureau of Labor Statistics on Wednesday, the consumer price index rose by 0.2% and rose sharply by 0.5% in January. Excluding the food and energy categories, which fluctuate frequently, the core indicator also increased by 0.2%. The US Bureau of Labor Statistics said that nearly half of the increase in the overall index was due to housing cost factors.