U.S. core inflation unexpectedly cools on autos, drugs

U.S. INFLATION unexpectedly slowed in February amid falling prices for autos and prescription drugs. / BLOOMBERG NEWS FILE PHOTO/CHRIS RATCLIFFE
U.S. INFLATION unexpectedly slowed in February amid falling prices for autos and prescription drugs. / BLOOMBERG NEWS FILE PHOTO/CHRIS RATCLIFFE
NEW YORK - A key measure of underlying United States inflation unexpectedly eased in February amid falling prices for autos and prescription drugs, giving the Federal Reserve more room to stick to its plan for being patient on raising interest rates. Excluding food and energy, the so-called core consumer price index rose 0.1 percent from…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display