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International Business Times
International Business Times
Business
Beiyi SEOW

UNCOVERED: Us consumer inflation up unexpectedly in february - Caught on Camera

United States Inflation US Federal Reserve the Labor Department
US consumer price gains accelerated unexpectedly in February, according to government data, with energy costs rising (Credit: AFP)

Consumer inflation posted a surprise acceleration in February, US government data showed Tuesday, a development that could give policymakers pause as they mull the right time to start interest rate cuts.

While price increases have fallen from their peak in 2022, households are still feeling the pinch from costs of living, adding pressure on US President Joe Biden as he seeks reelection this year.

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