Consumer prices rising

AP: U.S. consumer prices rose in February by the largest amount in seven months as gasoline prices surged again and clothing costs jumped the most in nearly two decades. But the increase appeared to ease many economists' concerns about dangerous price movements in either direction. The recession is expected to dampen any inflation pressures for at least the rest of this year, while the slight uptick in prices over the last two months also has made the possibility of deflation more remote.

The Labor Department reported Wednesday that consumer inflation rose 0.4 percent in February, the biggest one-month jump since a 0.7 percent rise in July. Two-thirds of last month's increase, which was slightly more than analysts expected, reflected a big jump in gasoline pump prices. Core inflation, which excludes food and energy, rose 0.2 percent in February, also slightly higher than the 0.1 percent rise economists expected.

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Divya said…
I m sorry to digress but eagerly waiting for your posts on stuff like Roadies Season 6 and Splitsvilla Season 2 so that v can have a healthy debate all over again! [:P]

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