Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago

https://www.cnbc.com/2023/03/14/cpi-inflation-february-2023-.html

Inflation rose in February but was in line with expectations, providing a key input into whether the Federal Reserve continues to raise interest rates.

The consumer price index increased 0.4% for the month, putting the annual inflation rate at 6%, the Labor Department reported Tuesday. Both readings were exactly in line with Dow Jones estimates.

Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis. The monthly reading was slightly ahead of the 0.4% estimate, but the annual level was in line.