Inflation Cooled to 2.8% in February, Lower Than Expected
A core reading also eased, but looming tariffs may keep consumer prices rising
Inflation cooled last month, but the latest data may offer less comfort to U.S. businesses, consumers, and Federal Reserve policymakers than it otherwise would because tariffs are threatening to raise some prices in the months ahead.
Consumer prices were up 2.8% in February versus a year earlier, the Labor Department reported Wednesday, versus a January gain of 3%. Economists polled by The Wall Street Journal had expected a 2.9% gain.
Prices excluding food and energy...
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