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In February, the US CPI-U rose 0.4 per cent, marking a YoY increase of 3.2 per cent.
The energy sector saw a rise of 2.3 per cent.
Excluding food and energy, the index still increased 0.4 per cent, with the apparel sector up 0.6 per cent.
The all items index accelerated slightly from January's 3.1 per cent to a 3.2 per cent rise over the last 12 months.

In February, US’ consumer price index for all urban consumers (CPI-U) saw a 0.4 per cent rise on a seasonally adjusted basis, a slight increase from January's 0.3 per cent, according to the US Bureau of Labor Statistics. This marks a continued upward trend, with the all items index experiencing a 3.2 per cent increase over the past year before seasonal adjustment.

Notably, the energy sector contributed significantly to this month's inflation, with a 2.3 per cent increase across all its component indexes. Excluding food and energy, the index still rose by 0.4 per cent, mirroring January's figures, with sectors such as apparel recording a 0.6 per cent uptick.

Over the 12 months ending in February, the all items index recorded a 3.2 per cent rise, indicating a slight acceleration from the 3.1 per cent increase observed in the year ending in January. The index for all items minus food and energy saw a 3.8 per cent increase over the past year, outpacing the general index. Conversely, the energy index witnessed a 1.9 per cent decrease for the year ending in February, as per the bureau.

Fibre2Fashion News Desk (DP)

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