From Investing.com: 2024-04-10 09:32:00

In March, inflation persisted as the Consumer Price Index rose 0.4% month-over-month and 3.5% year-over-year, exceeding expectations. The U.S. Bureau of Labor Statistics reported that the CPI-U increased by 0.4%, matching February’s rise. Core inflation also rose 0.4% in March, excluding food and energy, climbing 3.8% over the last 12 months. Housing costs contributed significantly to the overall CPI increase, with shelter costs rising 0.4%. March CPI data came in slightly higher than expected, with year-over-year increase at 3.5% and monthly inflation pace remaining steady at 0.4%. Gasoline prices played a crucial role in the energy index’s rise.



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