News: FOREX-US dollar slips after inflation data

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    NEW YORK, March 12 (Reuters) - The U.S. dollar was little changed in choppy trading on Thursday, after moving higher earlier in the global session, amid data showing hotter-than-expected inflation last month for the world's largest economy.

    The greenback initially jumped after the data, but later fell. The dollar index was last flat at 102.83 =USD .

    The Labor Department report showed that the Consumer Price Index (CPI) rose 0.4% in February, in line with the forecast for a 0.4% increase. On a year-on-year basis, the CPI gained 3.2%, compared with the estimated 3.1% rise.

 
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