U.S. inflation ticked up in February, driven by higher rent and gas prices

U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June interest rate cut from the Federal Reserve.

U.S. inflation ticked up in February, driven by higher rent and gas prices
The silhouette of a man pumping gas is shown.

U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June interest rate cut from the Federal Reserve.