Economic Indicators
U.S. CPI falls to 5.0% in March
2023.04.12 09:02
© Reuters.
By Scott Kanowsky
Investing.com — U.S. headline inflation slowed by more than expected in March, according to data from the Bureau of Labor Statistics on Wednesday.
On an annual basis, the for the month dipped to 5.0% from 6.0% in February. Economists had projected that the reading would fall to 5.2%.
The figure inched down to 0.1% from , below estimates for growth of 0.2%.
Meanwhile, the core number, which strips out volatile items like food and energy, slightly to 5.6% from 5.5% yearly. The , meanwhile, slipped to 0.4% from 0.5%. Both measures were in line with expectations.
