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Story summary
- The Federal Reserve's preferred inflation measure rose 0.4% in February from January.
- Prices rose 2.8% year over year.
- Core inflation also rose 0.4%, up 3% from a year earlier.
- Economists expect March's CPI to rise 0.9% from February and 3.4% year over year.
- Americans' incomes fell 1% in February, the first decline since October, with minimal inflation-adjusted spending.
