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Report
Here's how much prices rose in February
The Street
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3/12/2025
Caroline Woods brings you the biggest news of the day, including the latest CPI report.
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Sports
Transcript
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00:00
While the prices for goods and services still got more expensive in February,
00:04
they got a little bit less expensive than predicted. The latest consumer price index rose
00:09
0.2 percent last month. That puts the annual inflation rate at 2.8 percent. Core inflation,
00:16
which excludes food and energy prices, also increased by the same amount, leaving it with
00:21
a year-over-year rate of 3.1 percent. Both readings were cooler than Wall Street estimates
00:26
by 0.1 percent. The new report released by the Bureau of Labor Statistics revealed food prices
00:32
ticked up 0.2 percent in February. However, the cost of going out to eat increased twice as much
00:38
at 0.4 percent. The energy sector also rose 0.2 percent, but the cost of electricity rose
00:44
significantly higher at 2.5 percent. And while the cost of a new vehicle dropped a tick, used
00:50
and truck prices rose almost a full percent. The report is welcome news to both consumers
00:56
and businesses, as it at least tampered the fears of how impending tariffs may affect the broader
01:01
economy. That'll do it for your daily briefing from the New York Stock Exchange. I'm Caroline
01:06
Woods with The Street.
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