While inflation has declined sharply from its peak in 2022, price increases have remained above Fed’s target rate of 2%

Consumer prices remained relatively stable in February even as some economists have warned prices could rise again amid Donald Trump’s trade war and stock markets have fallen on fears of a recession.

According to the Bureau of Labor Statistics latest Consumer Price Index (CPI), which tracks the prices of a range of goods and services, the annualized inflation in February was 2.8%, a 0.2% decrease from January’s year-over-year rate of 3%. The month-by-month price increase for all goods minus the volatile food and energy industries was 0.2%, compared to January’s 0.4%.