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

Consumer prices rose 2.8% in the 12 months through February, a slowdown from January's faster-than-expected 3% rate. This chart shows how prices and wages—a key driver of inflation—have moved since 20

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.