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Story summary
- U.S. consumer prices rose 2.4% in February, per the Bureau of Labor Statistics.
- In February, the Consumer Price Index rose 0.3% and core inflation rose 0.2%.
- Shelter costs rose 0.2% month over month and 3% year over year.
- The report does not reflect the oil-price surge tied to tensions with Iran.
- Economists expect the Federal Reserve to hold rates amid geopolitical concerns.
