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Following a slight decline in December, consumer prices have risen for two consecutive months with a modest 0.2 percent hike in February. The Zions Bank Wasatch Front Consumer Price Index (CPI) has now increased 3.2 percent since this same time last year.

The annual increase has been driven by steadily increasing housing prices over the past 12 months, as well as rising clothing prices. The national Consumer Price Index rose 0.3 percent from January to February and has grown 2.7 percent over the past year.

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