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US consumer prices rose 0.7 per cent in February, the Labour Department reported Friday. Petrol prices were up 9.1 per cent in February, accounting for nearly three-fourths of the general rise in consumer prices.
Excluding volatile food and energy prices, the seasonally adjusted
consumer price index was up only 0.2 per cent.
The annual consumer price index was up 2 per cent over the 12
months through February. In January, the annual increase was 1.6 per
cent.
