‘Modest stagflation’ risk climbs for Trump as inflation jumps
“Inflation climbed in February as consumers braced for the potential onslaught of higher prices from President Donald Trump’s sweeping tariffs on U.S. trading partners.
The Commerce Department reported Friday that prices rose at a higher-than-expected annual rate of 2.8 percent last month, excluding food and energy items, a signal that prices could spike even further in the coming months.”
https://www.politico.com/news/2025/03/28/stagflation-risk-inflation-trump-economy-tariffs-00256500