The Labor Department said Tuesday that the consumer price index, a broad measure of the price of everyday goods including gasoline, groceries and rent, rose 0.3% in February from the previous month. Prices climbed 3.2% from the same time last year, faster than the 3.1% headline figure forecast by LSEG economists.

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The Labor Department released the closely watched February consumer price index report Tuesday, revealing just how hot inflation was running last month.{ai:summary}<p>The Labor Department reported a 0.3% rise in consumer prices for everyday goods in February, exceeding forecasts. Prices are up 3.2% from a year ago, indicating inflation concerns. #economy</p>

Inflation comes in hotter than expected in February as high prices persist

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