The Labor Department reported that the price of imported goods rose 0.3% in February compared to 0.8% the month before.

The CPI rose 3.1% in January compared to a year ago.

Despite inflation, people still buy as much food, medicine, gasoline — even coffee.

To make the CPI’s health care component more accurate, the Bureau of Labor Statistics changed how it uses health insurance data.

The consumer price index and the personal consumption expenditures price index measure the changing cost of different baskets of goods.

While prices slipped last month, they’re still significantly higher than before the pandemic — and headed higher.

Waiting it out might just be part of the journey to cool inflation.

Inflation at the pump is in the pipeline for August. It would likely show up right before the Fed’s September interest rate meeting.

Year-over-year inflation figures grab a lot of attention when the Labor Department reports its monthly consumer price index. But those 12-month figures can gloss over the recent slowdown in inflation.

The cost of car maintenance and repair is rising much faster than inflation.