Data from the United States Bureau of Labor Statistics - issued today, Tuesday - showed that the general consumer price index reached 6% in February, down from 6.4% recorded in January, the lowest since November 2021.
The core consumer price index - on an annual basis - was 5.5%, down from 5.6% recorded in January as well.
The annual CPI rise peaked at 9.1% in June last year, the largest increase since November 1981.
The release of today's inflation report came amid turmoil in financial markets after the collapse of Silicon Valley Bank in California and Signature Bank in New York, forcing regulators to take emergency measures to boost confidence in the banking system.
It also comes before the Federal Reserve's monetary policy meeting, Tuesday and Wednesday, next week, to discuss monetary policy.
Recent inflation data gives the Federal Reserve an opportunity to assess their plans for interest rates, and the extent to which they can control inflation.
The rise in the US federal inflation rates puts him in front of difficult choices to raise interest rates more, and for a longer period.
With regard to the US financial markets, they did not respond to the concerns reflected in the core inflation index, and their indicators rose by more than 2% at the middle of today's trading session.