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3 mins ago
Alexandra Canal
Inflation remains elevated

US consumer prices remained elevated in February, according to the latest data from the Bureau of Labor Statistics released Tuesday morning.

The Consumer Price Index (CPI) rose 0.4% over the previous monh and 3.2% over the prior year in February, slightly higher than January's 0.3% month-over-month increase and 3.1% annual gain.

Both measures roughly matched economist forecasts of a 0.4% month-over-month increase and a 3.1% annual increase, according to data from Bloomberg.

On a "core" basis, which strips out the more volatile costs of food and gas, prices in February climbed 0.4% over the prior month and 3.8% over last year. Both measures were higher than economist expectations of a 0.3% monthly increase and 3.7% annual gain

https://finance.yahoo.com/news/stock-mar...22093.html