US Consumer Prices Rise In Line With Estimates In February

Yields on 10-year government bonds was at 7.697% compared to Friday’s close of 7.671

A report released by the Labor Department on Tuesday showed consumer prices in the US increased in line with economist estimates in the month of February.

Economists surveyed by the Wall Street Journal expected consumer prices to rise 0.2% in February, and core prices to rise 0.2%.

The index for all items less food and energy increased 0.2 percent in February following a 0.3-percent increase in January. Key points: * Bloomberg Economics' expectations for slowing inflation run counter to projections of the central bank. Volume is low as investors prepare for a week of major economic reports including consumer inflation, producer inflation, retail sales and building permits.

Year-over-year, the index posted a 2.2 per cent gain, above the 2.1 per cent recorded in January.

As per use-based classification, the growth rates in January 2018 over January 2017 are 5.8 per cent in primary goods, 4.9 per cent in intermediate goods and 6.8 per cent in infrastructure/ construction goods.

US 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.

Capital goods also registered a healthy growth at 14.6 per cent in January, 2018 against a decline of 0.6 per cent previous year.


However, the index for food remained unchanged due to index for food at home compensated the increase in the food away from home index.

"While there is evidence of building inflationary pressures in certain components, the annual growth rates, especially for the core CPI, do not suggest a breakout in inflation yet", said Ben Ayers, senior economist at Nationwide, in Columbus, Ohio. However, the rate of price increase was higher for transport and communication services at 2.39 per cent (1.97 per cent January).

Excluding food and fuel, this measure has risen 3.2 per cent so far this year, notably faster than the 2.6 per cent reported in the first two months of 2017. The manufacturing sector saw growth quickening marginally to 8.7% in January from 8.4% in the previous month. The potential for four rate increases this year also held steady at around 25%.

Industrial activity accelerated in January to 7.5% on the back of strong manufacturing growth and a rebound in the consumer durables sector, according to official data released on Monday.

It was 4.88 per cent in November a year ago.

A survey of small businesses published on Tuesday showed the share of owners reporting higher selling prices in February hit its highest level since July 2014.

The index for all items less food and energy rose 1.8 percent over the past 12 months, the same figure as the prior 2 months.

Related News:

  • [Noah Smith] Trump's tariffs look like self-inflicted wounds

    [Noah Smith] Trump's tariffs look like self-inflicted wounds

    Where President Trump's approach is wrong is to use national security as the reason to impose tariffs on steel and aluminum . European and USA stocks fell on Tuesday, partly due to concerns about Chinese retaliation should Trump impose the tariffs.
    Donald Trump suggests USA  may need to create a 'space force'

    Donald Trump suggests USA may need to create a 'space force'

    While Trump was nearly jokingly floating the idea, there has always been a military aspect to the space race. It says the Air Force has to move toward creating a space defense unit within itself called the Space Corps.
    RBI bans all Indian banks from issuing LoUs, LoCs

    RBI bans all Indian banks from issuing LoUs, LoCs

    Bankers say the scrapping of LoU/LoC is unlikely to impact trade credit as banks can issue Letters of Credit (LC) and Bank Guarantees for trade credits for imports.
  • Google Assistant Lands on the iPad

    Google Assistant Lands on the iPad

    For instance, you can pull Google Assistant up as you work on something in another app or play a game. Of course, Lollipop and tablet support was explicitly added to the Assistant late a year ago .
    Queer Eye: Tom and ex-wife Abby are engaged!

    Queer Eye: Tom and ex-wife Abby are engaged!

    For anyone who hasn't yet binged watched the show, Tom was the Fab 5's first charge of the season. And Netflix should definitely make the most of this good news, and use it in their own promotion.
    All-Party Team To Meet Supreme Court Committee On Delhi Sealing Drive

    All-Party Team To Meet Supreme Court Committee On Delhi Sealing Drive

    While Kejriwal "missed" BJP in the meeting, AAP and Congress attacked BJP for missing an opportunity to "speak for the traders". Advisor to Delhi's Chief Minister Arvind Kejriwal , VK Jain has resigned from his post citing personal reasons.
  • Packers sign Muhammad Wilkerson to 1-year deal worth up to $8M

    Packers sign Muhammad Wilkerson to 1-year deal worth up to $8M

    The 2011 first-round pick made the Pro Bowl for the first time in 2015 after registering 64 tackles and a career-high 12 sacks. He will also contribute to the pass rush - Wilkerson recorded double-digit sacks in two of his seven seasons with the Jets.
    Tottenham's Kane out until end of April

    Tottenham's Kane out until end of April

    The injury occurred after a collision with Bournemouth goalkeeper Asmir Begovic in the first half at Dean Court. England will face Tunisia, Belgium and Panama in the World Cup group stage in Russian Federation .
    Bengals bolster O-line in trade with Bills, move back in draft

    Bengals bolster O-line in trade with Bills, move back in draft

    If the teams finalize the deal by Sunday, the Bills will save $4.85 million against the 2018 cap, according to the Buffalo News . Many thought the Bengals may use their 12th overall pick on a tackle, or an offensive lineman of some sort at the very least.
  • Michael Carrick confirms he will retire at the end of the season

    Michael Carrick confirms he will retire at the end of the season

    He added: "It's kind of been sorted out, but we're still talking about it so there is nothing to totally confirm yet. Hopefully I can get some game time and I am still enjoying training.
    Teddy Bridgewater, New York Jets working on deal

    Teddy Bridgewater, New York Jets working on deal

    Cousins only got the team to the postseason once in three years as the starter, and the team lost the one playoff game they had. No matter who the Jets pick, they'll need to cultivate a good young quarterback, something they have failed to do for years.
    Eagles release veteran TE Brent Celek

    Eagles release veteran TE Brent Celek

    But his production has waned in recent seasons and the Eagles will save $4 million in salary cap space by releasing him. And as the Eagles aim to situate themselves as perennial contenders, they become more appealing to veterans like Ngata.


Most liked

Jeff Goldblum is back in Frontier's Jurassic World Evolution
You can probably expect it to surface sometime around June 22, which is the day Jurassic World: Fallen Kingdom hits theaters. Here, they can build their own attractions, bioengineer their own dinosaurs, and pretty much make the park of their dreams.

Supreme Court says foreign lawyers can't practice in India
One of them was passed by Madras High Court on February 21, 2012, and the other by Bombay High Court on December 16, 2009. The Madras High court had said that foreign lawyers can fly in and fly out for tendering legal advice on foreign laws.

Championship round-up: Doherty double keeps Wolves clear at top
A header from Galway youngster Ryan Manning and Jake Bidwell's deflected effort put the visitors 2-0 up at half-time. Barnsley inched three points clear of the relegation zone after a 1-1 draw with Norwich .

NCAA First Four: LIU Brooklyn vs. Radford
LIU's Jashaun Agosto led all scorers with 16 points as he added seven assists and six boards in 36 minutes. Bonaventure to a 65-58 victory over U.C.L.A. and its first N.C.A.A.

The Real Reason Ronda Rousey Missed 'Monday Night Raw'
But, now that it's 2018, and because Rousey's signed with the WWE , the consensus seems to be that her fighting career is over. Cesaro and Sheamus in a Handicap Match in New Orleans or Braun being put with Elias to form a new tag team.

Opposition Protests In Parliament Stall Proceedings For 7th Consecutive Day
The ruling party also indicated that it will press ahead with the Union Budget-related processes even amid protests. The Rajya Sabha too saw several diruptions with the House being adjourned nearly immediately after the day began.

McLeish call-ups boost for Scotland youths, says Gemmill
Carrick, 36, confirmed he'll retire at the end of the season. "I will give him bits of advice - but credit to him - he has done very well".

Confidence building measures along Assam-Mizoram border
At least 40 people have died in clashes along the border with Arunachal Pradesh, Nagaland, Meghalaya and Mizoram since the 1960s. This was conveyed to Hailakandi Deputy Commissioner Adil Khan by Kolasib Deputy Commissioner, R.

Eagles to sign Pro Bowl DT Haloti Ngata
Also, Denver Broncos linebacker Corey Nelson intends to sign a 1-year deal with the Eagles, a source told ESPN's Josina Anderson. As Dave Zangaro pointed out, Ngata's impact when playing for Detroit last season versus when he wasn't was stark.

Dante is here to hunt down some Monsters
I, for one, can not wait to wield one of these and slash a Deviljho in the face... to see if it cries. The exact date and the details of the collaborative quests have not been announced yet.

Manchester United derby hero Rashford unworried by time on the bench
There has been plenty of talk in recent weeks surrounding Jose Mourinho's handling of Manchester United wonderkid Marcus Rashford .

Curry to miss next four games, re-evaluated March 20
This was the 13th sellout of the season for the Wolves, their most since 2003-04 when they last made the playoffs. The bench is a little older and not quite as balanced, but Andre Iguodala and Shaun Livingston are battle tested.

Stormy Daniels offers to return Trump affair hush money
She signed a nondisclosure agreement related to their relationship that Trump's personal lawyer paid her $130,000 for in 2016. The statement is an admission that the nondisclosure agreement exists and that it directly involves Trump.

Federer, Cilic, Del Potro advance in Indian Wells, Djokovic out
He had surgery in Switzerland shortly after that. "And not to mention as well, I've played so many tournaments as a kid here. Yuki Bhambri of India pulled off a surprise when he toppled ninth-seeded Frenchman Lucas Pouille 6-4 6-4.

Nicolas Cage to Voice Superman in Teen Titans GO! Movie
Animation announced this week that Cage will voice Superman in a cameo role for the upcoming Teen Titans Go! movie . However, it's now confirmed that Cage will finally get to play Superman in a movie, but only in a voice role.