The consumer price index was rose 2.4% in February 2026, above policymakers' target, economists said. War in Iran complicates the picture.

The Iran war may impact U.S. consumers far beyond the gas pump, raising inflation expectations and causing an uptick in the yield on the 10-year Treasury note.

The data may reveal less than usual about inflation’s path as it does not account for gas and oil price surges sparked by the Iran war in early March.

The consumer price index in February was expected to show a 2.4% increase from a year ago, according to the Dow Jones consensus.

The consumer price index was rose 2.4% in February 2026, above policymakers' target, economists said. War in Iran complicates the picture.

With energy prices jumping, analysts say the report might be viewed as a "historical artefact".

Energy prices may jump to all-time highs soon as the Iran war escalates without a ceasefire or a clear victory.