Summary
- Gasoline prices fell 0.9%, which helped to moderate overall inflation. Food prices held steady.
- Non-seasonally adjusted inflation rose 0.45% in the month, meaning TIPS principal balances will rise 0.45% in April.
- The February number is the fifth in a six-month period that will determine the I Bond’s new variable rate, to be reset May 1.

I bought a TIPS last week too. It was my first-ever purchase on the secondary market: CUSIP 912810RR1, maturing 2/15/2046…