Editor's PiCK
US March CPI 2.4% ↑…Below Market Expectations
Summary
- The U.S. March Consumer Price Index (CPI) rose by 2.4% compared to the same month last year, falling below the market expectation of 2.6%.
- It fell by 0.1% compared to the previous month, which was at the same level as the market expectation.
- The March core CPI also rose by 2.8% compared to the same month last year, lower than expected, and fell below 3% for the first time since 2021.
Last month, the U.S. consumer price increase rate fell below market expectations.
The U.S. Department of Labor announced on the 10th (local time) that the U.S. Consumer Price Index (CPI) for March rose by 2.4% compared to the same month last year. This figure is 0.2 percentage points below the expert forecast of 2.6% compiled by Dow Jones. Compared to the previous month, it fell by 0.1%, below the market expectation of 0.1%.
The core CPI for March rose by 2.8% compared to the same month last year, 0.2 percentage points below the market expectation of 3.0%. It is the first time in four years since March 2021 that the core CPI growth rate has fallen below 3.0%. Compared to the previous month, it rose by 0.1%. The core CPI is an indicator that excludes energy and food prices, which are highly volatile in the short term, and can gauge the underlying trend of prices.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Exclusive] South Korea’s FSS to look into ZKsync coin after a 1,000% surge in just three hours](https://media.bloomingbit.io/PROD/news/073d8ae6-ffa0-4b8b-85dd-3f131d9eb908.webp?w=250)
