February’s inflation report was better than expected, but it doesn’t tell us much about where prices are heading given the uncertainty around Trump’s trade war. “The widespread imposition of tariffs represents upside risks to inflation in the months ahead,” Greg McBride, Bankrate’s chief financial analyst, said in a statement.

A large majority of Americans say their incomes aren't keeping pace with inflation. Here's what the numbers say.

Wholesale prices in the U.S. didn't rise in February. Hooray. The report follows a similarly mild increase in consumer prices. Inflation is still running well above prepandemic levels, however, and that was before President Trump's tariffs kicked in.