Consumer prices in the US rose in February, topping economists forecasts, and keeping the annual rate of inflation close to multi-month highs.
The headline consumer price index rose 0.1 per cent during February, matching January’s advance, and topping the median forecast among economists for zero growth.
The annual rate eased to 2.3 per cent from January’s 15-month high of 2.5 per cent, but was still better than the 2.2 per cent Wall Street expected.
Core inflation, which strips out volatile food and energy prices, climbed 0.2 per cent, matching January’s increase and also coming in line with market forecasts.
The annual pace of core inflation quickened by 0.1 percentage points to 2.4 per cent, the highest level since September last year. Economists forecast a 2.3 per cent rise.
