Despite fears over trade wars and tariffs, inflation was relatively stable during the first full month of the Trump administration in February. According to the consumer price index, prices for goods and services increased by 0.

As CPI report shows inflation continued at 2.8 percent in February, tariffs fueled worries of another recession, which President Donald Trump has declined to rule out.

U.S. wholesale inflation decelerated last month, suggesting that price pressures are easing for now. But the progress may not last as President Trump intensifies his trade wars. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — was unchanged from January