Inflation in the US was stable in February, ahead of the shock to energy prices triggered by the US and Israel war in Iran.
Consumer prices rose 2.4% over the 12 months to February, the same pace as the prior month, as rising food and housing costs were offset by falling prices for other items, such as used cars.
The figures reflect prices gathered in the weeks leading up to the start of the US-Israel war in Iran, which has triggered a sharp rise in oil prices that is starting to feed into other areas.
The average cost of a gallon of car fuel in the US jumped past $3.50 (£2.61) on Tuesday to the highest level since 2024.
Analysts say the situation could push the inflation rate back above 3% in the coming months, raising uncertainty about whether the US central bank will cut interest rates anytime soon.
