Us Inflation Rate March 2024. The consumer price index, a key inflation gauge, rose 3.5% in march, higher than expectations and marking an acceleration for inflation. Housing and gasoline prices kept inflation elevated in march.
You can find upcoming cpi release dates on our schedule page. 1 the yoy uptick, coupled with march’s strong employment report, suggests the path to the fed’s 2% inflation target could take longer than expected.
The Consumer Price Index Rose 3.5% In The Past Year.
The march figures are the third straight month of inflation readings well above the fed’s 2 per cent target, and threaten to torpedo the prospect of multiple interest rate cuts this year.
This Is Lower Than The Long Term Average Of 3.28%.
Both the headline and core cpi, which strips out food and energy, climbed by 0.1 percentage point more.
Us Inflation Rate March 2024 Images References :
This Is Lower Than The Long Term Average Of 3.28%.
Both the headline and core cpi, which strips out food and energy, climbed by 0.1 percentage point more.
For Instance, The Inflation Rate Projected For The End Of 2025 Had Been Remarkably Stable Over The Last Four Projection Rounds.
Annual average inflation ticked down to 3.5% in march (february: