Inflation slowed slightly to 2.8% in February ahead of Federal Reserve meeting

1. February inflation shows a 0.2% monthly increase, 2.8% annually, below expectations. 2. Core inflation rose 0.2% monthly, 3.1% annually, easing concerns slightly. 3. High inflation continues to pressure U.S. households, especially lower-income groups. 4. Energy prices increased 0.2%, but gasoline prices fell by 1% last month. 5. Shelter index rose 0.3%, marking the smallest annual increase since December 2021.