U.S: Consumer price inflation up by 0.4%

Friday, 16 March 2012 03:26

According to Labor Department consumer price inflation increased by 0.4% in February after 0.2% growth recorded in previous month.

Economists estimated 0.4% rise in prices in February.

In a yearly capture CPI increased at annual rate of 2.9% last month.  

The Core CPI (excluding volatile items) improved by 0.1% in February, which is less than expected. The core data for last 12 months showed 2.2% rise.