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U.S. February Consumer Prices Rose 2.4% Year-over-Year, in Line with Expectations
Investing.com - U.S. consumer prices rose 2.4% over the 12 months ending in February, unchanged from the previous month, in line with economists’ expectations.
Data released by the Labor Department on Wednesday showed this key inflation indicator increased 0.3% month-over-month, higher than January’s 0.2%, also in line with expectations.
Excluding volatile items such as food and fuel, the so-called “core” Consumer Price Index rose 2.5% year-over-year, unchanged from January, matching analyst forecasts.
This core measure increased 0.2% month-over-month, lower than January’s 0.3%, also in line with expectations.
(This is a developing story. Please check back later for updates.)
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