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March 12, 2026

Inflation held steady last month, but that was before the attack on Iran sent energy costs soaring

By CHRISTOPHER RUGABER and ANNE D'INNOCENZIO
Associated Press Writers

KANSAS CITY — Inflation remained stubbornly elevated last month as gas prices rose, but it's a snapshot of consumer prices before a U.S.-Israeli attack on Iran sent energy costs soaring.

Consumer prices rose 2.4% in February compared with a year earlier, the Labor Department said Wednesday, matching January's increase. Excluding the volatile food and energy, core prices climbed 2.5% from a year ago, also matching January's level, which was the lowest in five years. Both remain above the Federal Reserve's 2% target.


 
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