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CPI data shows prices rose by 0.4% in February

(NewsNation) — U.S. consumer inflation eased slightly but remained high in February, putting the Federal Reserve in a difficult spot after bank failures.

Prices rose by 0.4% in February, according to the latest Consumer Price Index report.

This information comes a week before a two-day policy meeting of the Federal Reserve. Recently, the February jobs report showed that America’s employers added a substantial 311,000 jobs.

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