Consumer prices in the United States rose faster than expected

Consumer prices in the United States have risen steadily, more than expected, in February, but prices may fall in the coming months as demand for certain products and services declines as a result of the coronavirus.

The US Department of Labor’s statistics office announced on Wednesday that consumer prices increased by 2.3 percent year-on-year in February. Analysts expected 2.2 percent after a 2.5 percent increase in January.

Consumer prices increased by 0.1 percent month-on-month, as did in January, while analysts expected stagnation. (MTI)