US inflation held steady last month before attack on Iran sent energy costs soaring

From bnnbloomberg.ca

Inflation stayed stubbornly elevated last month as gas prices rose in a snapshot of what consumer prices looked like before the U.S.-Israeli attack on Iran sent energy costs soaring. Consumer prices rose 2.4 per cent in February compared with a year earlier, the Labor Department said Wednesday, matching January’s 2.4 per cent increase. Excluding the volatile food and energy categories, core prices climbed 2.5 per cent from a year ago, also matching January’s level, which was the lowest in five years. Both figures are above the Federal Reserve’s two per cent target. Wednesday’s data has been overtaken by the ... (full story)