Inflation ticked up in February as Fed weighs interest rate cuts

Inflation ticked up in February, as the Federal Reserve weighs when to cut interest rates and keeps close watch for signs that high prices are lingering throughout the economy.

Fresh data released by the Bureau of Labor Statistics on Tuesday showed prices rose 3.2 percent over last year, up slightly from January’s 3.1 percent figure. Prices also rose 0.4 percent in February over the prior month.

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Those top-line figures represent just a snippet of a...