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.

We're getting a pulse check on a key measure of inflation. The latest Consumer Price Index shows inflation is up 2.8% compared to this time last year. Those numbers are better than expected. Patrick Rehkamp,

Inflation dropped from 3% to 2.8% for the year ending in February, the Bureau of Labor Statistics reported Wednesday, a sign that price pressures are abating and might not be among the top economic risks facing the new Trump administration.