Core inflation in the US was up 3.1 percent year-over-year in February.
The pace of inflation slowed down for the first time in 13 months, Kyodo News reported today. The slowdown was a result of government subsidies on utility bills. The core consumer price index excluding volatile fresh food items would have risen around 4.2 percent in February without the government subsidies on electricity and gas bills, according to the Ministry of Internal Affairs and Communications. That would have been equal to the January increase, which was the fastest since 1981.
Source: Qatar News Agency