Media Tip Sheet: February Inflation Data and Oil Price Shock


March 11, 2026

WASHINGTON (March 11, 2026) – According to the Bureau of Labor Statistics, the consumer price index rose 2.4% in February from a year earlier, unchanged from January. Inflation for essentials such as housing, food, energy, and medical care remain persistent.

The outlook has grown shakier as the war in Iran unfolds given the conflict has disrupted oil flows through the Persian Gulf and spiked global oil prices. The increase in energy prices could add additional inflationary pressure in the coming months.

Pao-Lin Tien, assistant professor of Economics at the George Washington University, is available to discuss what the latest CPI data signals for inflation, energy markets, and Federal Reserve policy. Tien’s research focuses on empirical macroeconomics, including international economics, monetary policy, business cycles, and economic forecasting. She previously worked as a research economist at the Bureau of Economic Analysis.

To speak with Professor Tien, please contact Senior Media Relations Specialist Claire Sabin (claire [dot] sabinatgwu [dot] edu (claire[dot]sabin[at]gwu[dot]edu)). 

-GW-