The CPI report showed prices of new vehicles fell for the first time in four months, while used-car prices dropped 0.7% from January, the biggest drop since September. This should make the FOMC comfortable with its recent decision to be patient on monetary policy, and await clearer signs on how slower global growth and weaker confidence shows up in domestic data in the months ahead.
High food prices have led to a four-month high in retail inflation that rose to 2.57 per cent in February. The surge is also higher as compared to the consumer inflation in January, recorded at 1.97 per cent. After a minus 2.33 per cent slump in January, it has now recovered to -0.66 per cent.
The Fed has a 2 per cent target for a separate inflation gauge from the Commerce Department that's linked to consumer spending.
Price pressures in the core (excluding food and energy) were a little softer than expected, up only 0.1% in February.
However, weakening fuel prices masked increases in the costs for food and shelter, medical care, according to the Labor Department report. Gas prices for U.S. drivers were $2.31 a gallon on average in February, up from $2.25 in January, according to the U.S. Energy Information Administration. Prices of cereal and products went up at 1.32 per cent. Core prices were up 2.1% on the year, a pace last matched in October. That index tends to run slightly below the Labour Department's CPI, and January figures are due March 29.
The core sector had slowed for three straight months and the December IIP was at a 19-month low of 1.8 percent. The core CPI had increased by 2.2 per cent for three consecutive months on an annual basis.
In a wide-ranging interview with CBS's 60 Minutes television news programme, Fed chair Jerome Powell on Sunday reiterated the central bank's wait-and-see approach to further monetary policy tightening in 2019. A decline in core goods prices (-0.2% m/m) was the culprit behind the softness in core inflation.
Prices of fruits (-4.62 per cent) and vegetables (- 7.69 per cent) continued to decline in February. Annual wage growth jumped 3.4% in February, the biggest increase since April 2009, from 3.1% in January.
Varun and Alia wore white for the occasion, while Sonakshi Sinha and Aditya Roy Kapur were twinning in red. Varun Dhawan will be seen essaying the role of Zafar, while Alia Bhatt will be playing the role of Roop.
The International Agency for Research on Cancer has declared electromagenetic field radiation a possible carcinogen. NIH has published further evidence of cellular transmission causing certain kinds of cancer.
Monday's official complaint marks a public escalation in the music-streaming service's long-running battle with Apple . Spotify began emailing customers in 2015 that they should cancel subscriptions purchased through Apple's App Store.
Cali is the first reputed crime family boss to be shot since the execution of former Gambino head Paul Castellano in 1985. Francesco "Franky Boy" Cali is said to have taken over the running of the organisation from Domenico Cefalu in 2015.
It is not clear at this time whether or not the halted sales in Japan will affect the release of the game's release elsewhere. Even if Mr Taki is recast, it may be hard for Sega to erase him entirely from the virtual world of Judgment .
The VW Group insisted redundancies would not be necessary and the cuts would be achieved by not replacing workers as they retire. At the same time, VW will create 2,000 new software jobs, as well as electronics positions in technical development, it said.
Chasing 273, India lost wickets in quick succession and all the hopes were pinned on Rohit once Kohli was gone in the chase. Khawaja put on 76 with the captain, Aaron Finch, to give Australia a strong start after the tourists elected to bat.
British Parliament votes against May's Brexit plan
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Beto O’Rourke to Announce 2020 Presidential Bid
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Nadler: Whitaker hedging on his discussions with Trump
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NASA chief acknowledges more trouble with SLS rocket
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Android Q Beta First Look!
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Uh Oh, Looks Like Google's Hardware Team Might Be in Trouble
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See Teaser For Google's Big Gaming Announcement
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