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Beneath the Skin of CPI Inflation: Pace Slows From Spike Last Month, but Six-Month CPI Accelerates Further, Worst Increase Since September 2023

March 13, 2025

by Wolf Richter
Wolf Street

Natural gas and electricity pushed up energy costs in February, despite drop in gasoline prices. Used vehicle prices continued to surge.

The overall Consumer Price Index rose by 0.22% (+2.62% annualized) in February from January, after the jump of 0.47% (+5.75% annualized) in January from December, which had been the worst month-to-month increase since August 2023, and the sixth month of acceleration from the low point in June.

But the 6-month CPI accelerated further, rising by 3.63% annualized, the worst increase since September 2023 (red in the chart):

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