U.S. wholesale inflation cooled last month, despite worries that President Donald Trump’s tariffs would push prices higher.

Inflation is heating up The latest snapshot of prices, released Wednesday, shows an unexpected rise in inflation last month. Trump succeeded Joe Biden as president on Jan. 20.

Food inflation over the past year has also been "fairly tame," House said. Grocery prices are up 1.3% since September 2023, according to the CPI.

Households' inflation expectations also rose to 4.3% over the next year – the highest level since November 2023 and a sharp uptick from 3.3% last month.

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