Inflation report shows rising prices in February [Video]

The latest inflation report out this Friday shows price growth accelerated again, rising 0.4% last month.The Consumer Price Index focuses on core inflation, which excludes the fluctuating prices of groceries and energy. Core inflation has come down considerably but remains higher than most people are comfortable with.February’s data showed core consumer costs were up 2.8% since last year. The Federal Reserve wants that number to be closer to 2% and serve as evidence of a steady job market before they lower interest rates. Lowered rates would make it cheaper to borrow money short-term, like on a credit card or to buy a car.But the latest consumer sentiment surveys show people are worried about inflation and their chances of getting a job. A report from the Conference Board this week showed consumer confidence fell for a fourth straight month to its lowest level in 12 years, suggesting people are expecting a …