Inflation data from CPI report shows sharper price gains: What it means for Fed rate cuts.
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Inflation data from CPI report shows sharper price gains: What it means for Fed rate cuts.

Rising gasoline costs kept inflation elevated in February‚ underscoring that a return to more modest consumer price increases following a pandemic-induced spike may continue to be bumpy. The climb in fuel costs and rent offset flat food prices. Overall prices rose 3.2% from a year earlier‚ up from 3.1% in January‚ according to the Labor Department’s consumer price index. On a monthly basis‚ costs increased 0.4% following a 0.3% gain the previous month. What is the core inflation rate...