Less than two months into Donald Trump’s presidency and inflation is already falling more than expected.
In February, prices didn’t rise as much as expected, offering some relief to consumers and businesses, according to the Bureau of Labor Statistics.
A key measure of inflation, the Consumer Price Index (CPI), increased 0.2 percent for the month, bringing the annual inflation rate to 2.8 percent.
This was a slowdown from January when prices had gone up 0.5 percent.
When excluding food and energy, which tend to have more price swings, core inflation also rose 0.2 percent for the month and 3.1 percent over the past year, the lowest rate since April 2021.