February's Consumer Price Index (CPI) report showed inflation pressures eased in February, calming some fears about the health of the US economy during a rocky few weeks for markets. The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.

Inflation slowed more than expected in February, bringing some relief to consumers and Federal Reserve officials alike even as the effects from higher tariffs threaten to push it up again.. The consumer price index climbed 2.

The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.