US Inflation Rate Seen Stable in February

2026-03-11 09:01 By Joana Taborda 1 min. read

The annual inflation rate in the US likely held steady at 2.4% in February 2026, unchanged from January and remaining at its lowest level since May 2025.

On a monthly basis, the CPI is estimated to have risen by 0.3%, slightly accelerating from 0.2% in January.

Gasoline prices probably picked up while prices for services, food, and housing are expected to have slowed, and used vehicle prices likely remained lower.

Meanwhile, annual core inflation, which excludes food and energy, is projected to have remained unchanged at 2.5%, the same as in January and near its lowest level since 2021.

On a monthly basis, core CPI is expected to have increased by 0.2%, less than 0.3% in the previous month.

Overall, the February CPI report is expected to continue pointing to inflation slightly above the Federal Reserve’s target, while also suggesting a degree of stabilisation, partly reflecting base effects as stronger readings from a year earlier drop out of the annual calculation.



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