Price inflation jumps in February, U.S. Dollar Index falls under 90

Inflation picked up in February, but it was not as fierce as it was in January.

According to the Bureau of Labor Statistics (BLS), the consumer-price index (CPI) rose 0.2 percent last month, down from 0.5 percent in January. The 12-month reading through February shows that the CPI climbed 2.2 percent, up from 2.1 percent from the previous month.

Here were the highlights of the U.S. government report:

– Auto insurance rose 1.7 percent, up from 1.3 percent.
– Clothing costs increased 1.5 percent.
– Housing rose 0.2 percent, the same from January.
– The food index advanced 1.4 percent.
– Automobiles declined between 0.3 percent and 0.5 percent.
– Education prices rose 0.2 percent.
– Furniture jumped 0.3 percent.

The U.S. Dollar Index slipped 0.04 percent to 89.89.