CPI Rises 0.4% In February, Fed Says Rises Temporary

The Bureau of Labour Statistics at the US Department of Labor announced its CPI (Consumer Price Index) for Februaury today. The new figure shows the index has risen by 0.4%. The increase in prices hasn't come as much of a surprise to analysts. They had a consensus expectation of around 0.4% for this increase. January showed an increase of 0.2%. The rise is mainly blamed on higher gasoline prices as problems in the Middle East choke supply. Prices at the pumps have risen as have transport and energy costs for firms operating across...