Advertisement
U.S. Consumer Prices Increase In Line With Estimates In February
(RTTNews) - Consumer prices in the U.S. increased in line with economist estimates in the month of February, according to a report released by the Labor Department on Tuesday.
The Labor Department said its consumer price index rose by 0.4 percent in February after climbing by 0.5 percent in January. The advance by the index matched expectations.
Core consumer prices, which exclude food and energy prices, increased by 0.5 percent in February after rising by 0.4 percent in the previous month. Economists had expected core prices to rise by 0.4 percent.
The report also showed the annual rate of consumer price growth slowed to 6.0 percent in February from 6.4 percent in January.
The year-over-year growth, which was in line with economist estimates, marked the smallest 12-month increase since September 2021.
The annual rate of growth by core consumer prices edged down to 5.5 percent in February from 5.6 percent in January.
U.S. Wholesale Inventories Inch Up Less Than Expected In June
U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2
U.S. Jobless Claims Rise More Than Expected To 226,000
U.S. Labor Productivity Surges 2.4% In Second Quarter
U.S. Weekly Jobless Claims Rise More Than Expected
U.S. Service Sector Growth Unexpectedly Slows In July
U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge
