"Concerns about inflation rose again in February, after posting back-to-back declines," said Lynn Franco, Senior Director of Economic Indicators at the Conference Board. "It remains doubtful that consumer attitudes will experience a material improvement until inflation dynamics start to normalize in Q2," said Mahir Rasheed, U.S. He added, "In the meantime, geopolitical tensions in Europe will keep uncertainty elevated while price increases continue to outpace wage growth and erode household purchasing power."