The latest release of the consumer price index for the month of February came in nearly right in line with expectations on Wednesday.
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Consumer prices climb at their fastest pace in 5 years
Core CPI is expected to have grown 2.2% year-on-year in February.
Man with a green beard blows up a balloon
The index tracking the prices of consumer goods rose 0.1% month-over-month (0.0% expected) and increased by 2.7% year-over-year (2.7% expected).
Core CPI, which strips out the volatile food and energy categories, increased 0.2% from January (o.2% expected) and 2.2% from the same month a year ago (2.2% expected).
The release was the highest headline gain for the index since February 2012 when it increased 2.9%.
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