Inflation likely slowed to 2.6% in the 12 months through March, as measured by the consumer-price index. That’s according to economists polled by The Wall Street Journal.

On a core basis, excluding volatile food and energy, the rate is seen slowing to 3%, also a slight deceleration from February.

The chart above shows CPI through February.

On a monthly basis, the CPI is expected to gain 0.1% in March, or 0.2% for core CPI.

The CPI report, from the Labor Department’s Bureau of Labor Statistics, is due at 8:30 a.m. ET.

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