Reported about 8 hours ago
The February Consumer Price Index (CPI) report indicates that inflation increased by 0.2% month-over-month and 2.8% year-over-year, slightly below economist expectations of 0.3% and 2.9%, respectively. Core CPI, which excludes food and energy, rose 0.2% monthly and 3.1% annually. Key factors included a rise in shelter costs, balanced by declines in airline fares and gasoline prices. The report suggests a mixed economic outlook with some positive indicators in wage growth.
Source: YAHOO