Economists polled by Dow Jones and The Wall Street Journal had forecast a 0.5% increase in the CPI.
The reading “came in slightly over expectations, an indication that the U.S.
He pointed out that much of inflation pressure came from rising gasoline prices and that core inflation was more muted.
However, the key risk is if their assumption turns out to be wrong, and price pressures remain elevated.
She has spent the bulk of her years at the company writing the daily Futures Movers and Metals Stocks columns and has been writing the weekly Commodities Corner column since 2005.