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Economists, business groups cast shade on inflation trends

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Not everyone was optimistic about the trend when BLS_gov released its CPI data this week showing inflation had dropped for the eighth straight month. NFIB said that fewer of its members were expecting better business conditions over the next six months.

The Consumer Price Index showed inflation at 6% for the last 12 months ending in February, which was the smallest 12-month increase going back to September 2021, according to the BLS media release.

And one national market expert said the Federal Reserve's rash of interest rate hikes is done with, so the CPI"most likely direction" is up. And 28% of small business owners polled by NFIB reported inflation as their single most important business problem.

 

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BLS_gov NFIB That was year over year. Inflation rose .5% from January to February.

BLS_gov NFIB Even with inflation down from its highest levels it’s still more than double what we experienced before Biden took office.

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