February's Consumer Price Index (CPI) report showed inflation pressures eased in February, calming some fears about the health of the US economy during a rocky few weeks for markets. The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.

US inflation came in at 2.8 per cent last month from a year ago, down from 3.0 per cent in January. While easing inflation is a relief for policymakers, the latest reading is just the lowest since lat

February inflation measured by the Consumer Price Index Wednesday was 2.8% annually and was up a lower than expected 0.2% for the month, seasonally adjusted.

The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.