Per CNN, March 14, 2023.

CPI measured 6% for the year ended in February, down from January’s 6.4% and in line with economists’ expectations.

Shelter prices were the largest contributor to the monthly increase, accounting for 70% of February’s gain, according to the BLS. Shelter prices were up 0.8% for the month and 8.1% year over year.

Food prices continued to cool. Overall food prices were up 9.5% for the 12 months ending in February, representing the lowest annual rate for the category since April. Prices for food at home (grocery purchases) were up 10.2% in February, the lowest since March 2022.

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CPI report: Inflation fell for eighth-straight month in February | CNN Business