US consumer prices rose 0.3 per cent MoM in February, with annual inflation steady at 2.4 per cent. Energy prices increased 0.6 per cent as gasoline and natural gas rose, though electricity declined.
Core inflation edged up 0.2 per cent.
Apparel and household furnishings recorded gains.
The CPI-U index rose 0.5 per cent before seasonal adjustment to 326.785.