Prices of goods and services rose below expectations as consumers and businesses feared the impact of tariffs on inflation.
According to the Labor Department, the Consumer Price Index is a broad measure of economic costs across the United States, with a seasonal adjustment of 0.2% in the month, bringing annual inflation to 2.8%.
In addition to food and energy prices, Core CPI also grew 0.2% in the month to 3.1% in 12 months.
Economists surveyed by Dow Jones have been looking for 0.3% growth in titles and cores, with annual rates of 2.9% and 3.2% each year, meaning all rates are below the expected 0.1 percentage point.
Stock market futures Revenues were increased after issuance, while the Ministry of Finance’s output rose.
BLS said housing costs rose 0.3%, less than in January, but remained responsible for half of the monthly increase in CPI. This category accounts for more than one-third of the total CPI weight, with particular attention to measures by homeowners to estimate their property rents.
Both the food and energy indexes increased by 0.2%. Used car prices rose 0.9% and clothing rose 0.6%. In food, egg prices soared by another 10.4%, up 12 months to 58.8%.
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