US consumer prices increase solidly in February
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[WASHINGTON] US consumer prices increased solidly in February, leading to the biggest annual gain in a year, though underlying inflation remained tepid as demand for services including airline travel gradually picks up amid an improving public health picture.
The Labor Department said on Wednesday its consumer price index increased 0.4 per cent last month after rising 0.3 per cent in January. In the 12 months through February, the CPI gained 1.7 per cent, the largest rise since February 2020, after climbing 1.4 per cent in January.
Economists polled by Reuters had forecast CPI rising 0.4 per cent and advancing 1.7 per cent year-on-year.
REUTERS
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