Consumer prices in the U.S. increased in line with economist estimates in the month of February, according to a report released by the Labor Department on Wednesday.
The Labor Department said its consumer price index climbed by 0.4 percent in February after rising by 0.3 percent in January. The increase in prices matched expectations.
Gasoline prices led the way higher once again, surging up by 6.4 percent in February following a 7.4 percent spike in January.
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Forex News
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.