(AURN News) — Inflation in the United States edged higher in February, as many Americans continue to experience sticker shock at grocery stores, according to data released by the Bureau of Labor Statistics.
The Consumer Price Index increased 0.2% last month after rising 0.5% in January.
Several key sectors saw price increases, with shelter costs rising 0.3% and food prices up 0.2%. Among grocery items, eggs saw a particularly sharp jump of 10.4%, while the beef index increased 2.4%.
Energy prices overall climbed 0.2%, though gasoline prices provided some relief with a 1% decrease.
The used vehicle market also contributed to inflation, with prices for used cars and trucks increasing 0.9%.
Overall inflation now stands at 2.8% and has continued its upward trajectory over the past seven months since August 2024.
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