The pace of US consumer price increases continued to cool down in March from last summer’s scorching-hot levels
Annual inflation, as measured by the Consumer Price Index, dropped in March for the ninth consecutive month. And for the first time since September 2020, grocery prices fell on a monthly basis. Prices rose 5% for the 12 months ended in March, down from 6% in February, the Bureau of Labor Statistics reported Wednesday. Annual CPI plunged to its lowest rate since May 2021, helped by year-over-year comparisons to a period when food and energy prices spiked amid Russia’s invasion of Ukraine.
But times have been anything but typical for the past three years. So, for the months ahead, moving averages become all the more critical to observe, Lundh said. While the picture is more clear for the trajectory of headline CPI, it’s a little more opaque for core and “supercore” activity , Zandi said. The base effects are much less pronounced for core CPI, because the spring and summer inflation spike was driven by food, energy and goods prices.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sexually transmitted infections jumped by 7% in 2021, according to the CDC | CNNMore than 2.5 million cases of sexually transmitted infections were reported in 2021, jumping by 7% in one year, according to new data from the US Centers for Disease Control and Prevention.
Read more »
A New Legal & Political Front in Abortion Battle - CNN Political Briefing - Podcast on CNN AudioThe Justice Department asked a federal appeals court today to put on hold a Texas judge’s ruling that could make the use of an FDA-approved abortion drug unavailable nationwide. CNN Political Director David Chalian breaks down why dueling rulings from Friday is causing legal confusion and could reignite the issue of abortion access before 2024. It's possible the Supreme Court could step in to hear another major case on abortion after overturning Roe v. Wade last year.
Read more »
Consumers feel credit is getting harder to come by, Fed survey shows | CNN BusinessUS consumers are starting to feel that credit is getting harder to come by, according to survey results released Monday by the Federal Reserve Bank of New York.
Read more »
Record warmth in areas with a record snowpack may cause hazardous flooding this week | CNNThis week will be draining in a literal sense, due to rapid snowmelt. A great thaw is set to begin, which will bring the potential for flooding across at least 10 states.
Read more »
Some ready-to-eat salads with chicken or ham may contain potentially deadly listeria | CNNPre-made salads with chicken or ham shipped to retail locations in Kentucky, Illinois, Indiana, Michigan, Ohio, Tennessee and Wisconsin, may be contaminated with listeria, according to the US Food Safety and Inspection Service.
Read more »
Weight loss may mean a risk of death for older adults, study shows | CNNEven healthy older adults may not want to see the number on the scale go down, according to a new study. Experts share why weight loss may put people over age 65 at risk.
Read more »