Consumer prices It rose a little During President Trump's first inauguration month, according to data released Wednesday by the Labor Bureau.
CPI rose 0.2% from January to February, and increased by 2.8% per year.
Consensus estimates that economists expect CPI to rise by 0.3% that month and annual inflation will increase by 2.9%.
But the numbers broke Four months in a row CPI's annual inflation has risen, steadily increasing from 2.4% in September to 3% in January.
The new CPI report also occurs during weeks of rising economic pressure on President Trump, who faces an unprecedented assessment of economic disapproval in his two terms.
Earlier this month, Trump imposed a 25% tariff on Canadian and Mexican goods, exempts automakers, and then suspended for goods covered by the North American trade agreement.
The president imported up to 50% of the tariffs on Canadian metal imports after Canada imposed an additional electricity charge on U.S. exports to New York, Minnesota and Michigan on Monday.
The White House refused to rule out the recession this week, fostering even greater market anxiety.
“We are in a period of economic transition,” White House press secretary said. Karoline Leavitt I said on Tuesday.
Read the full report at thehill.com.
