Food and energy prices are surging. Still, underlying inflation remains low, the government said Thursday. The U.S. Consumer Price Index, a key measure of inflation, increased 2.1 percent during the past 12 months ending in February, up from 1.6 percent in January, the Bureau of Labor Statistics said Thursday. Get the full story »
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U.S. consumer prices rise mildly in November
U.S. consumer prices rose slightly less than in November, while prices excluding food and energy edged up for the first time since July, according to a report on Wednesday that implied virtually no inflation pressures amid an anemic recovery. Get the full story »
