US February CPI Up 2.8%...Below Expectations

U.S. consumer prices (CPI) rose 0.2% in February. On an annual basis, they increased by 2.8%.

On the 12th (local time), the U.S. Bureau of Labor Statistics reported that the consumer price index rose 0.2% in February compared to the previous month, recording an annual rate of 2.8%. Core consumer prices, excluding volatile food and energy, also rose 0.2% from January, reaching 3.1%.

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