Kimberly Adams

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nice inflation report you've got there too bad a lot of it's useless now i'm kidding mostly from american public media this is marketplace

From Minnesota Public Radio in St.

Paul, I'm Kimberly Adams in for Kai Risdahl.

It's Wednesday, March 11th.

Good to have you along.

I'm at APM headquarters today instead of my normal spot in D.C.

But back in the nation's capital, this morning we got the latest read on inflation from the Federal Bureau of Labor Statistics.

The Consumer Price Index registered just a 0.3% increase in the month of February.

Over the past 12 months, prices rose 2.4%.

That's the lowest reading in five years.

But there are, as is so often the case, some caveats to what seems like encouraging news.

Here to give us her expert opinion on the report is Nicole Servi, an economist for Wells Fargo Corporate and Investment Banking.

Welcome back to the show.

Thanks for having me.

Can I just get your quick reaction to the top line numbers?

Yeah.

So in terms of the month over months, those looked pretty good.

But if you look at, for instance, the year over year rates of CPI and core CPI, they both moved sideways.