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Consumer prices rose 0.4% in February and 3.2% from a year ago
Inflation rose again in February‚ keeping the Federal Reserve on course to wait at least until the summer before starting to lower interest rates.
The consumer price index‚ a broad measure of goods and services costs‚ increased 0.4% for the month and 3.2% from a year ago‚ the Labor Department’s Bureau of Labor Statistics reported Tuesday. The monthly gain was in line with expectations‚ but the annual rate was slightly ahead of the 3.1% forecast from the Dow Jones consensus.
Excluding...