Prices Ticked Up in February Overall, Justifying Fed’s Caution on Lowering Rates

The Consumer Price Index (CPI) increased 0.4% in February on a seasonally adjusted basis, after rising 0.3% in January, the U.S. Bureau of Labor Statistics reported on March 12. It marked the biggest increase since last fall. Over the last 12 months, the all items index increased 3.2% before seasonal adjustment. After hitting a 40-year…The post Prices Ticked Up in February Overall, Justifying Fed’s Caution on Lowering Rates appeared first on RISMedia.