Consumer prices rose in line with expectations, according to data released Tuesday by the U.S. Department of Labor.

The consumer price index rose 0.2 percent from a month earlier, hitting the consensus forecast. The rise in prices was lower than the prior month, when the CPI rose 0.5 percent.

On an year-over-year level, prices rose 2.2 percent. That was also the consensus forecast.

Core inflation, which subtracts changes in volatile food and energy prices, was 0.2 percent on a month-over-month basis and 1.9 percent compared with a year ago.

The move was seen as a positive for stocks, pushing a 100-point gain in the opening price of the Dow Jones Industrial Average as implied by the futures market. That was the opposite of what happened last month, when a jump in prices prompted investors to sell stocks.

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