US consumer prices fell more than expected in March

Consumer prices in the United States fell more than expected in March as the US Labor Department said an indicator of analysts’ expectations that the consumer price index will rise by 0.2% in March.

On an annual basis, the Consumer price index PI increased by 5.0% in March, which is the lowest rise since May in 2021, after the CPI rose by 6.0% on an annual basis in February, and the annual CPI had peaked at 9.1% in June, which is the largest increase Since November 1981.

Core CPI, which excludes the volatile food and energy components, rose 0.4% in March after rising 0.5% in February, and on a year-over-year basis, core CPI rose 5.6% in March after rising 5.5% in February.