The U.S. Consumer Price Index rose faster than expected last month, with the year-over-year pace up to 3.2% versus estimates for 3.1% and January's 3.1%, the government reported Tuesday morning. The core rate – which strips out food and energy costs – dipped a bit, but also disappointed to the upside, coming in at 3.8% against expectations of 3.7% and...

The U.S. consumer price index exceeded expectations in February, mirroring the robust performance seen in January and casting doubt on the imminent commencement of interest rate cuts by the Federal Reserve. In February 2024, the inflation rate climbed to 3.2% compared to the previous year, as disclosed by the Bureau of Labor Statistics on Tuesday. Here are the key highlights...

(Refiles to insert dropped word in paragraph one) WASHINGTON (Reuters) -U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June interest rate cut from the Federal Reserve. The consumer price index (CPI) rose 0.4% last month after climbing 0.3% in January, the Labor Department's Bureau...

NEW YORK (Reuters) - U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June interest rate cut from Federal Reserve. The consumer price index (CPI) rose 0.4% last month after climbing 0.3% in January, the Labor Department said on Tuesday. Gasoline and shelter, which includes...