The last month of stable prices? Inflation report shows calm before Iran and tariff shocks

The latest BLS report shows inflation data from before the U.S. attack on Iran caused a global oil shock

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Inflation held relatively steady last month, per a Bureau of Labor Statistics report released Wednesday morning. On a monthly basis, the Consumer Price Index rose 0.3%, a slight tick up from January’s pace. Year over year, prices rose 2.4%.

Shelter remains the stickiest issue — once again the “largest factor” in the monthly increase. Food costs climbed 0.4% over the month and 3.1% from last year. One bright spot? The cost of........

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