According to The Kobeissi Letter, inflation indicators are on the rise as the Philadelphia Fed Prices Paid index increased by 8.6 points in February, reaching its highest level since October 2022. Concurrently, the NY Empire State Prices Paid index rose by 11.1 points to 40.2, marking the highest since March 2023. These regional inflation measures indicate potential upward pressure on consumer prices, which traders should monitor for impacts on interest rate expectations and currency valuations.