Consumer prices rose at faster monthly and annual rates in February, according to inflation data released Tuesday by the Labor Department. The consumer price index (CPI), a closely watched gauge of inflation, rose 3.2 percent annually in February and 0.4 percent last month alone. Annual inflation is up slightly from a 3.1 percent rate in January, where economists expected it to stay, according to consensus estimates. Monthly inflation was up from 0.3 percentage points in January, but in line with economist forecasts for February. More than 60 percent of February's monthly increase in prices came from gasoline and shelter, the Bureau of Labor Stastistics explained Tuesday. The
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