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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breitbart Business Digest: March Inflation Looms Over Wall StreetSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: The Economic Consequences of the Baltimore CatastropheSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Trump’s Truth Social Rockets to the MoonSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: The Truth About Trump’s Truth Social WindfallSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: Keeping U.S. Steel American Isn’t ProtectionismSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »
Breitbart Business Digest: The Economy Is Not Being Throttled by High Interest RatesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »