U.S. consumer prices rose for the first time in four months in February, but the pace of the increase was modest, resulting in the smallest annual gain in nearly 2-1/2 years.
Excluding the volatile food and energy components, the CPI edged up 0.1 per cent, the smallest increase since August 2018. The so-called core CPI had increased by 0.2 per cent for five straight months. The core PCE price index increased 1.9 per cent on a year-on-year basis in December after a similar gain in November. It hit the U.S. central bank’s 2 per cent inflation target in March last year for the first time since April 2012.
A New York Fed survey of consumer expectations published on Monday showed a drop in inflation expectations in February.
globebusiness Here’s a fact: The Canadian Loonie is worthless. After all taxes (city, provincial & federal) are paid, The loonie doesn’t purchase much in Canada. eh ? The economy in Canada isn’t doing well.