U.S. inflation firmed in February without outsize acceleration

U.S. CONSUMER PRICES increased 0.2 percent in February from January, keeping the economy on the Federal Reserve's preferred inflation path. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
U.S. CONSUMER PRICES increased 0.2 percent in February from January, keeping the economy on the Federal Reserve's preferred inflation path. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
WASHINGTON – U.S. consumer prices continued to firm in February, indicating inflation is creeping up toward the Federal Reserve’s target without the kind of breakout that would warrant a faster pace of interest-rate hikes. Both the main consumer price index and the core gauge, which excludes food and energy, rose 0.2 percent from January, matching the…

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