A report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of February.
The Commerce Department said its personal consumption expenditures (PCE) price index climbed by 0.4 percent in February after rising by 0.3 percent in January. Economists had expected prices to increase by 0.4 percent.
The report also said the annual rate of growth by the PCE price index came in unchanged at 2.8 percent, which was also in line with estimates.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.