Inflation rate eases to 2.4% in March, lower than expected [View all]
Source: CNBC
Published Thu, Apr 10 2025 8:31 AM EDT Updated 23 Min Ago
Consumer price inflation eased more than expected in March as President Donald Trump prepared to launch tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Thursday.
The consumer price index, a broad measure of goods and services costs across the U.S. economy, fell a seasonally adjusted 0.1% in March, putting the 12-month inflation rate at 2.4%, down from 2.8% in February.
Excluding food and energy, so-called core inflation ran at a 2.8% annual rate, having increased 0.1% for the month. That was the lowest rate for core inflation since March 2021.
Slumping energy prices helped keep inflation tame, as a 6.3% decline in gasoline prices helped drive a 2.4% broader decline in the energy index. Food prices climbed 0.4% on the month. Egg prices rose another 5.9% and were up 60.4% from a year ago.
Read more: https://www.cnbc.com/2025/04/10/inflation-rate-eases-to-2point4percent-in-march-lower-than-expected.html
Article updated.
Previous article -
Consumer price inflation eased more than expected in March as President Donald Trump prepared to launch tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Thursday.
The consumer price index, a broad measure of goods and services costs across the U.S. economy, fell 0.1% in March, putting the 12-month inflation rate at 2.4%.
Excluding food and energy, so-called core inflation ran at a 2.8% annual rate, having increased 0.1% for the month. That was the lowest rate for core inflation since March 2021.
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Original article -
The consumer price index was expected to show a 2.6% annual increase in March, according to the Dow Jones consensus estimate.
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