The personal consumption expenditures price index excluding food and energy was expected to rise 0.4% in February.

Worries about high inflation continue to weigh on investors’ minds, as hotter-than-expected data this week showed the stubbornness of lofty prices.

Bitcoin briefly hit a two-year low Tuesday as the cryptocurrency market takes a bruising following the collapse of major exchange FTX.

The core personal consumption expenditures price index increased 0.5% from the previous month and accelerated 5.1% over the past 12 months.