Amid new inflation figures, fresh survey shows continued concerns for Americans

FILE - A customer pushes his Kroger shopping cart laden with purchases in Jackson, Miss., Wednesday, Oct. 12, 2022. monthly data on a key inflation indexGallup found

It should be noted, the economy in general was also viewed as a key, but distinct issue from inflation in the Gallup survey responses.There are several measures of inflation, but this is the one the Federal Reserve policymakers care about most, Colorado State University economist Stephan WeilerBoth are still higher than the Fed’s target of 2% inflation.The PCE that was updated Friday is a more accurate and “better reflection of what we're really consuming.

Consumer prices started rising fast in early 2021 as our economy dealt with supply chain disruptions while emerging from pandemic closures. And, while February’s 2.5% annual increase was a tick higher than January’s 2.4% annual increase, February’s rate of annual inflation was the lowest in several years.Chief Financial Analyst Greg McBride said Friday. “Inflation will continue to ease, but it will come in fits and starts.”Things are moving in the right direction, but it’s “too early to take any victory laps,” he said.

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