(NewsNation) — Inflation slowed during President Donald Trump's first full month in office, but that progress could be short-lived as tariffs threaten to raise prices in the months ahead.

The consumer price index increased 2.8% in February from a year ago, the first slowdown in the annual inflation rate since September, according to new data from the Labor Department.

Core inflation, which excludes the volatile food and energy categories, fell to 3.1% year-over-year, the lowest since April 2021.

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.

Lydia Boussour, senior economist at the tax and consulting firm EY, also expects speed bumps going forward.

"Tariffs, confusion around trade policy and tighter immigration policy mean the risks to inflation are tilted to the upside," Boussour wrote in an analysis.

Here are the prices that rose and fell in February.

What costs more?

• Eggs:
  • From a year ago: 58.8%
  • From a month ago: 10.4%
• Tickets to sporting events:
  • From a year ago: 12.0%
  • From a month ago: 7.2%
• Coffee:
  • From a year ago: 6.0%
  • From a month ago: 1.8%
• Shelter:........
  

  © The Hill