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Gasoline, rents curb U.S. consumer price gains in February

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. consumer prices increased marginally in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation likely will be only gradual.Strong inflation numbers in January had sparked fears that price pressures were accelerating, leading financial markets to expect a more aggressive pace of interest rate increases from the Federal Reserve than is currently anticipated. "These figures should satisfy Fed policymakers that inflation is not too cold, as last ...

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First Published: Tue, March 13 2018. 22:25 IST
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