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Here's the inflation breakdown for February 2026 — in one chart
Inflation remained above policymakers' target in February, largely on the back of tariffs that are still working their way through to households' wallets, according to economists.
The consumer price index, a key inflation gauge, rose 2.4% in February from a year earlier, the Bureau of Labor Statistics said Wednesday. That's unchanged from 2.4% in January and was in line with analysts' expectations.
The Federal Reserve aims for a long-term inflation rate of 2% using a different but related inflation measure.
"I don't get any sense that inflation is decelerating," said Mark Zandi, chief economist at Moody's. "It feels like it's uncomfortably and persistently high."
CPI Report Live Updates: Inflation Had Steadied Before War With Iran
Data on consumer prices in February will inform the Federal Reserve’s deliberations over interest rates next week.
Note: Data is seasonally adjusted year-over-year change in the Consumer Price Index. October 2025 is missing because of the government shutdown.
U.S. inflation stayed subdued in the month leading up to President Trump’s war with Iran, which has rekindled concerns about resurgent price pressures as energy costs have soared.
The Consumer Price Index report showed that inflation steadied at 2.4 percent in February from the same time last year, matching January’s annual increase. On a monthly basis, overall prices ticked up 0.3 percent.
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