U.S. Consumer Prices Tick Up 0.1% In February

By RTT News

March 15, 2017

(RTTNews.com) - With a drop in gasoline prices partly offsetting increases in prices for food, shelter, and recreation, the Labor Department released a report on Wednesday showing a modest uptick in U.S. consumer prices in the month of February.

The Labor Department said its consumer price index inched up by 0.1 percent in February after climbing by 0.6 percent in January. The uptick in prices matched economist estimates.

Excluding food and energy prices, core consumer prices edged up by 0.2 percent in February after rising by 0.3 percent in January. The increase in core prices also came in line with expectations.

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Numbers don’t lie. 

If this modest uptick in consumer prices keeps going up.

Lets hope Trump does not piss off the ‘oil cartels’.

To those who voted ‘yes’ on our recent contract - guess how big is your raise now?