February’s inflation report was better than expected, but it doesn’t tell us much about where prices are heading given the uncertainty around Trump’s trade war. “The widespread imposition of tariffs represents upside risks to inflation in the months ahead,” Greg McBride, Bankrate’s chief financial analyst, said in a statement.

Inflation, as measured by the consumer price index, slowed more than expected in February. The CPI increased 2.8% from a year ago.