U.S. consumer prices rose for the first time in four months in February, but the pace of the increase was modest, resulting in the smallest annual ...
WASHINGTON, March 12 - U.S. consumer prices rose for the first time in four months in February, but the pace of the increase was modest, resulting in the smallest annual gain in nearly 2-1/2 years.
In the 12 months through February, the core CPI rose 2.1 percent. The core CPI had increased by 2.2 percent for three consecutive months on an annual basis. Economists polled by Reuters had forecast the CPI and the core CPI edging up 0.2 percent in February. A New York Fed survey of consumer expectations published on Monday showed a drop in inflation expectations in February.
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