2024-04-10 13:40:00 ET
Summary
- Progress regarding inflation has stalled across most sectors of the economy, with a month-over-month increase of 0.4% and a year-over-year increase of 3.5%.
- Disinflation has stopped, with recent readings higher than previous reports, and core inflation holding above 3.5%.
- Durable goods deflation and energy prices are factors to consider, while service sector inflation remains stubborn and rental inflation shows promise.
March CPI Report
Earlier today, the Bureau of Labor Statistics released the March consumer price index, showing that inflation has essentially stalled across most sectors of the economy. On a month-over-month basis, inflation rose at 0.4%. When stripping out food and energy, core inflation rose by the same amount. On a year-over-year basis, inflation rose at 3.5%, which was hotter than the past few months, while core inflation rose at 3.8%....
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More Cold Water On Rate Cuts Thanks To March Inflation Report