US inflation stayed flat at 2.4% in February before effects of war on Iran kicked in

The Guardian - World NewsEN 3 min read 100% complete by Lauren Aratani in New YorkMarch 11, 2026 at 02:46 PM

AI Summary

medium article 3 min

US inflation remained steady at 2.4% in February, prior to the economic impact of the US-Israel conflict with Iran. Core inflation, excluding volatile energy and food sectors, was slightly higher at 2.5%, with shelter, medical care, and utilities experiencing the largest price increases. Some imported goods, like coffee and canned goods, showed price increases potentially linked to tariffs. Gas prices decreased year-over-year in February but have since risen sharply due to the conflict in Iran. The Federal Reserve is expected to consider this inflation data at its upcoming meeting, where they will decide whether to adjust interest rates, though current expectations are for rates to remain steady. Inflation remains above the Fed's 2% target.

Key Entities & Roles

Key Player Opposition Context

US Federal Reserve 60% Iran ×270% Donald Trump ×280% United States ×5100%

Keywords

us inflation 100% us-iran conflict 70% tariffs 70% price increases 70% oil price shocks 60% interest rates 60% federal reserve 60% gas prices 50% core inflation 50%