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        CPI in the United States rose the smallest in nearly two and a half years in Feb


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The consumer price index (CPI) rose for the first time in four months in February, but not much, the smallest year-on-year increase in nearly two and a half years.
The report released Tuesday by the U.S. Department of Labor also showed that moderate core inflation last month, coupled with slowing economic growth, supported the Federal Reserve's "patient" stance when raising interest rates further this year.
"We think the risk to the inflation outlook is on the downside because the domestic economy is slowing faster than expected," said Ryan Sweet, senior analyst at Moody's Analytics. "For the foreseeable future, the Federal Reserve will suspend interest rate hikes."
The consumer price index (CPI) rose 0.2% in February, boosted by rising food, gasoline and rents. It was flat for three consecutive months.
CPI rose 1.5% in the 12 months to February, the smallest increase since September 2016. January rose 1.6% year-on-year.
Excluding volatile food and energy prices, core CPI rose slightly by 0.1%, the smallest increase since August 2018, after rising 0.2% for five consecutive months.


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