February 28, 2025
United States:
Fed’s Favored Inflation Gauge Rises at Mild Pace, Spending Falls
The Federal Reserve’s preferred measure of underlying inflation rose at a mild pace in January, offering some relief after a string of reports suggested price pressures are heating up again, while consumers pulled back on spending.
The so-called core personal consumption expenditures price index, which excludes food and energy items, rose 0.3% from December.
Europe:
German Inflation Fails to Slow After France and Italy Undershoot
German inflation unexpectedly remained unchanged in February, highlighting the challenges for the European Central Bank in deciding how quickly and how far to cut interest rates.
Consumer prices increased 2.8% from a year ago, the statistics office said Friday. Economists in a Bloomberg survey had expected a slight slowdown to 2.7%.
Asia:
Tokyo Inflation Slows a Tad More Than Expected on Subsidy Impact
Inflation in Tokyo slowed more than expected as government subsidies meant to offset energy costs distorted readings, a result that isn’t likely to deter the central bank from considering more hikes to its benchmark interest rate.
Consumer prices excluding fresh food in the capital rose 2.2% in February from a year earlier, according to the Ministry of Internal Affairs on Friday.
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