• U.S. consumer prices rise more than expected in February

Market news

15 March 2013

U.S. consumer prices rise more than expected in February

Consumer prices in the U.S. rose by more than expected in the month of February, according to a report released by the Labor Department on Friday, with the monthly price growth largely due to a sharp jump in energy prices.

The Labor Department said its consumer price index rose by 0.7 percent in February after coming in essentially unchanged in each of the two previous months. Economists had been expecting consumer prices to increase by about 0.5 percent.

Meanwhile, core consumer prices, which exclude food and energy costs, edged up by 0.2 percent in February following a 0.3 percent increase in January. The increase in core prices matched estimates.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.