rose by four-tenths of a percentage point in March, topping forecasts and matching the February reading. The so-called core consumer price index, which excludes prices of food and energy, also rose by 0.4 percent., up from 3.2 percent in February and above the 3.4 percent expected. Core inflation rose 3.8 percent for the second straight month, defying expectations that it would cool.annualized headline CPI comes in at 4.
The persistence of inflation in the March data demolishes the arguments so vociferously made by many Wall Street analysts that the hotter-than-expected figures in January and February were the result of some unaccounted for seasonality or firms implementing annual price changes at the start of the year. That never made much sense because the inflation data is adjusted for seasonality already.
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