(BLS) The US consumer prices ticked higher by a monthly 0.8% in February 2022, accelerating from an increase of 0.6% in January.
Gasoline contributed to the largest increase in consumer prices after rising by 6.6% in February. The food index increased by 1.0%, while the food at home index ticked higher by 1.4%.
The index for all items less volatile energy and food items rose by 0.5% in February, a slower gain compared to an increase of 0.6% in January.
Following the January gains, the consumer prices over the last 12 months rose by 7.9%, the highest since the period ending January 1982.
The energy index rose by an annual rate of 25.6%, while the food index saw a gain of 7.9% in the same period.
Less food and energy items, the consumer prices rose by an annual 6.4%, the largest 12-month gain since August 1982.
SPY is down -1.28% on premarket, DXY is up +0.08%.
