Caroline Woods brings you the biggest news of the day, including the latest CPI report.
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00:00While the prices for goods and services still got more expensive in February,
00:04they got a little bit less expensive than predicted. The latest consumer price index rose
00:090.2 percent last month. That puts the annual inflation rate at 2.8 percent. Core inflation,
00:16which excludes food and energy prices, also increased by the same amount, leaving it with
00:21a year-over-year rate of 3.1 percent. Both readings were cooler than Wall Street estimates
00:26by 0.1 percent. The new report released by the Bureau of Labor Statistics revealed food prices
00:32ticked up 0.2 percent in February. However, the cost of going out to eat increased twice as much
00:38at 0.4 percent. The energy sector also rose 0.2 percent, but the cost of electricity rose
00:44significantly higher at 2.5 percent. And while the cost of a new vehicle dropped a tick, used
00:50and truck prices rose almost a full percent. The report is welcome news to both consumers
00:56and businesses, as it at least tampered the fears of how impending tariffs may affect the broader
01:01economy. That'll do it for your daily briefing from the New York Stock Exchange. I'm Caroline
01:06Woods with The Street.