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US inflation at 5%, the lowest it has been since 2021

Summary by Ground News

Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. The Consumer Price Index (CPI) climbed 0.1% last month after advancing 0.4% in February. In the 12 months through March, the CPI increased 5.0%, the smallest year-on-year gain since May 2021. Excluding food and energy, core CPI increased 0.4% and 5.6% on an annual basis, both as expected. Inflation by all measures remains more than double the Fed's 2% target.

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Dallas News

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U.S. inflation rate continues to ease, falling to 5% over last year

The improvement in the gauge of consumer prices which peaked in June 2022, isn’t likely to halt additional interest rate hikes.

2 years ago·Dallas, United States

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The Star Kuala Lumpur

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U.S. dollar dives as U.S. inflation continues to cool in March

NEW YORK, April 12 (Xinhua) -- The U.S. dollar fell significantly in late trading on Wednesday as the latest U.S. inflation data showed a sign of cooling in the economy. Read full story

2 years ago·Malaysia

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KRDO

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US inflation falls to lowest level since May 2021

By Alicia Wallace, CNN Prices are moving in a more palatable direction for US consumers. 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 si…

2 years ago·Colorado Springs, United States

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