This is the inflation the US was expecting
The theme of the latest government report on consumer spending will be the rise in the prices Americans pay for what they buy - but this is a sign of a rebound widely anticipated by analysts and encouraged by the Federal Reserve. Looking back on the last “normal” month, February 2020, prices rose by only 2.6% - still very much for the US economy, which has suffered from tight funds for years as the Federal Reserve consistently missed its inflation target. Excluding the more volatile food and energy prices, inflation was only 3.1% or just 2.2% in February 2020.
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