Inflation up again in February as price pressures remain elevated

( ) -q-28- UNDATED (Correspondent Jeremy House) “pressures this year.”

Consumer prices in the United States picked up last month.

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Out-cue: pressures this year]

TAG: Correspondent Jeremy House reporting. Excluding volatile food and energy prices, so called “core” prices also climbed 0.4% from January to February, matching the previous month’s increase and a faster pace than is consistent with the Fed’s 2% target.

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VERBATIM: Prices rose 0.4% from January to February, a pickup from the previous month’s figure of 0.3%. Compared with 12 months earlier, consumer prices rose 3.2% last month, faster than January’s 3.1% annual pace. It’s a sign that inflation remains a persistent challenge for the Federal Reserve and for President Biden’s re-election campaign, both of which are counting on a steady easing of price pressures this year.