Hey kids! Did you know that prices of things are going up and down? Economists watch these changes very closely! A recent report shows that prices aren't rising as quickly as before in the US.
This is good news because it means inflation (prices increasing) is slowing down. This is important for the economy and how much things cost.
- Prices went up a little less in February than in January.
- Gas prices went down, which is helpful.
- Food prices are still rising but not as fast.
| Thing | Change |
|---|---|
| Overall Prices (CPI) | Up 2.8% compared to last year (slower than before) |
| Gas Prices | Down |
| Food Prices | Still up, but slower than last month |
| Eggs | Still very expensive! Up 58.8% this year |
Economists are watching these changes carefully to see what will happen next.
