US annual inflation rate in February remains relatively stable at 2.8%

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 that 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 with January's 0.4%.