Cost of living up more than expected in Feb
Core consumer-price index rises 0.2 per cent for second month, says Labor Department
Washington
THE cost of living in the US excluding food and fuel rose more than forecast in February, reflecting broad-based gains that helped keep a floor under inflation.
The so-called core consumer-price index climbed 0.2 per cent for a second month, a Labor Department report showed on Tuesday in Washington. Prices overall also climbed 0.2 per cent, the first advance in four months, as fuel costs stabilised.
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Central banks will probably only cut half as much as they hiked