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.

Inflation eased last month, but the data may offer less comfort to businesses, consumers and the Fed than it otherwise would as looming tariffs may keep prices rising.

Economists are bracing for intensifying price pressures and slower growth, posing a challenge for the Federal Reserve.