Consumer prices rose 5 percent in February as inflation cooled ...Middle East

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Consumer prices rose 5 percent in February as inflation cooled
The personal consumption expenditures (PCE) price index fell to an annual increase of 5 percent annually in February, down from 5.4 percent in January, according to data released Friday by the Commerce Department. The Fed's preferred inflation gauge rose by just 0.3 percent from January to February, less than economists had been expecting. --Developing

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