The consumer price index for both all-items and core increased 0.2% in February, slightly below expectations. On an annual basis, headline inflation was at 2.8%, while core was at 3.1%. Both also were 0.

As CPI report shows inflation continued at 2.8 percent in February, tariffs fueled worries of another recession, which President Donald Trump has declined to rule out.

The Consumer Price Index for All Urban Consumers, a key metric of inflation, rose 0.2 percent in January, slowing the year-to-date inflation rate to 2.8 percent. This represents a decrease from January’s CPI, which showed annual inflation of 3 percent.