US consumer prices tick up just 0.1%

Written By Unknown on Selasa, 18 Maret 2014 | 20.48

CHEAPER energy kept US consumer prices in check last month, despite a big rise in the cost of food, the latest sign that inflation is tame.

The Labor Department says the consumer price index rose 0.1 per cent in February, matching January's increase.

In the past 12 months, prices have risen just 1.1 per cent, down from 1.6 per cent in January and the smallest in five months.

Excluding the volatile food and energy categories, core prices rose 0.1 per cent last month and 1.6 per cent in the past year.

Energy prices fell 0.5 per cent because gas and electricity costs fell. Clothes and used cars were also cheaper last month.

Still, consumers took a hit at the grocery store as food costs rose 0.4 per cent, the most in nearly two and a half years.


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