Consumer prices rose 2.8% in the 12 months through February, a slowdown from January's faster-than-expected 3% rate. This chart shows how prices and wages—a key driver of inflation—have moved since 20

February inflation measured by the Consumer Price Index Wednesday was 2.8% annually and was up a lower than expected 0.2% for the month, seasonally adjusted.

CPI report is crucial after January saw a 0.5% increase, with 3.0% inflation over the past year. Check out what investors should expect from the report.

The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.