Filling up an automobile’s gas tank in February cost the most in five months, leaving households with less money to spend on other goods and services. – Bloomberg

 

By Alex Kowalski at Bloomberg.com

EXCERPTS:

The consumer-price index increased 0.4 percent, the most in 10 months, after advancing 0.2 percent in January, according to the median forecast of 79 economists surveyed by Bloomberg News. The so-called core, which excludes volatile food and energy expenses, may have climbed 0.2 percent for a second month.

 

“Rising gasoline prices aren’t a good thing because households cannot avoid them,” said Paul Dales, …

 

The median forecast would mean consumer prices climbed 2.9 percent over the past 12 months, matching the gain in January as the smallest since March 2011. The core index is projected to increase 2.2 percent from February 2011, down from the 2.3 percent in the year to January.

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