In February, consumer prices added 0.4% over the previous month in seasonally adjusted terms, which doubled the 0.2% rise recorded in January. The figure, however, undershot market expectations that had prices rising 0.5%. The monthly price rise was driven by a sharp increase in energy prices, in particular for gasoline. Despite the monthly increase, annual inflation remained unchanged at January's 2.9%, which marks its lowest level since April 2011. Meanwhile, the closely monitored core inflation index, which excludes food and energy prices, added a milder 0.1% over the previous month. As a result, annual core inflation inched down from 2.3% in January to 2.2% in February. Annual average inflation over the previous 12 months was 3.3%, which was unchanged from January. In its latest forecast, the Federal Reserve expects PCE inflation (based on the price index for personal consumption expenditures) to average between 1.4% and 1.8% this year.
United States Inflation
Inflation jumps on gasoline prices
March 15, 2012
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United States Economic News
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.
September 27, 2016
Following an increase in August, when the Conference Board’s consumer confidence index jumped to 101.8 points, consumer sentiment among U.S. households rose further in September.