Annual Inflation Rate Declines in Latest Federal Data

By Casey Harper | The Center Square(Worthy News) – Lower energy prices drove down inflation in February, according new federal data released this week.The U.S. Bureau of Labor Statistics released new data Wednesday showing inflation rose just 0.2% last month, part of a 2.8% rise over the last year. The average annual inflation rate from January’s data was 3%, so overall annual inflation dropped in February.The decrease was partially driven by a decline in energy prices, a key promise of Pr