Another new high for US consumer inflation in March

12 April 2022

 

Summary: US CPI up 1.2% in March, in line with expectations; “core” rate up 0.3%; unlikely to change Fed’s near-term thinking; Treasury yields down, rate rise expectations ease slightly; “base effects” to put downward pressure on annual figure from next month; energy prices main driver of headline rise. The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the...

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