WASHINGTON, D.C. – Inflation saw a downturn in February, with the consumer price index (CPI) rising 2.8% annually, down from 3% in January.
Core inflation, excluding food and energy, fell to a four-year low of 3.1%. These declines exceeded economists’ expectations.
However, inflation remains above the Federal Reserve’s 2% target, and potential tariffs are expected to exert upward pressure on prices.
Monthly inflation also eased, with CPI and core prices rising 0.2%, significantly lower than January’s figures.
Despite the positive report, economists caution that future inflation trends are uncertain due to impending tariffs, which could potentially drive prices higher.
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