Inflation remained uncomfortably high in February, although it has cooled slightly from a peak notched in 2022.

The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in February from the previous month. Prices climbed 6% on an annual basis. 

Those figures were both in line with forecasts by Refinitiv economists.

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