After reporting no change in consumer prices over the past few months, the Labor Department released a report on Tuesday showing a modest increase in U.S. consumer prices in the month of February.
The report said the consumer price index rose by 0.2 percent in February after coming in unchanged for three straight months. The uptick in consumer prices matched economist estimates.
The increase in consumer prices was partly due to a rebound in gasoline prices, which surged up by 1.5 percent in February after plunging by 5.5 percent in January.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.