CPI 12/03/24
USA, +0.4% consumer price in February, annual CPI +3.2%.
New York, US consumer prices rose 0.4% in February, in line with analysts' expectations. This was reported by the Department of Labor.
In January there was an increase of 0.3%. The "core" figure, i.e. the one stripped of the price component of food and energy goods, also grew by 0.4%, while expectations were for an increase of 0.3%.
Energy prices rose 2.3%, compared to last month, but on an annual basis fell 1.9%.
Food prices remained stable: in January they had grown by 0.4%. Compared to the same period last year they recorded an increase of 3.2%.
Federal Reserve bankers are still seen as ready to initiate a first rate cut starting from June, even if inflation data showed a higher-than-expected reading in February.