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Economic Figures

Consumer Prices Moderated Last Month

Friday, March 14, 2008 4:13:34 PM
By MARTIN CRUTSINGER

Baker Luis Velesaca slides baguettes onto a cooling rack at Amy's Bread on Thursday, Feb. 28, 2008 in New York. Consumer inflation, which had been pushing relentlessly higher, on Friday, March 14, 2008 posted its mildest reading in six months in February as the costs of energy and food moderated.  Prices of cereal and bakery products shot up 1.8 percent, but store owner Amy Scherber says she is trying to hold prices steady and not pass the costs onto her customers. (AP Photo/Mark Lennihan)WASHINGTON (AP) - Consumer inflation, after pushing relentlessly higher, posted its mildest reading in six months in February thanks to energy and food costs moderating. The relief, however, was expected to be short-lived, given that energy prices have resumed their upward climb.

The Labor Department reported Friday that consumer prices were unchanged last month, a better performance than the expected 0.3 percent gain.

Core inflation, which excludes energy and food, also held steady in February after a worrisome 0.3 percent jump in January.


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