Current location:business >>
US CPI accelerates to 3.5% in March
business488People have gathered around
IntroductionThis photo taken on March 12, 2024 shows a gas station in Vienna, Virginia, the United States. [Phot ...
This photo taken on March 12, 2024 shows a gas station in Vienna, Virginia, the United States. [Photo/Xinhua]
U.S. consumer inflation in March sped up to 3.5 percent from a year ago, after ticking up to 3.2 percent in February, indicating continued inflation pressure, the U.S. Labor Department reported Wednesday.
The Consumer Price Index (CPI) increased 0.4 percent in March on a seasonally adjusted basis, the same increase as in February, it said.
The index for shelter rose in March, as did the index for gasoline. Combined, these two indexes contributed over half of the monthly increase in the index for all items, it said.
The latest inflation report showed that the so-called core CPI, which excludes food and energy, increased 0.4 percent in March, as it did in January and February, after edging up 0.3 percent in December. Core CPI rose 3.8 percent over the last 12 months.
The energy index increased 2.1 percent for the 12 months ending March, the first 12-month increase in that index since the period ending February 2023. The food index increased 2.2 percent over the last year.
At an event at Stanford University last week, U.S. Federal Reserve Chair Jerome Powell said it is too soon to say whether the recent inflation readings "represent more than just a bump."
"We do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2 percent," said Powell.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Gestures news portal”。http://bolivia.arandomquote.com/content-60a699881.html
Related articles
Student fatally shot, suspect detained at Georgia's Kennesaw State University
businessATLANTA (AP) — Officials at Georgia’s Kennesaw State University say a student was killed in a weeken ...
【business】
Read moreBlinken will visit the Mideast again this week. What can he achieve?
businessWASHINGTON (AP) — Secretary of State Antony Blinken is returning to the Middle East on his seventh d ...
【business】
Read moreDavid Pryor, former governor and senator of Arkansas, is remembered
businessLITTLE ROCK, Ark. (AP) — Former Arkansas Gov. and U.S. Sen. David Pryor was remembered during a Satu ...
【business】
Read more
Popular articles
- Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
- Mathew Barzal scores in 2nd OT as Islanders beat Hurricanes 3
- Kyle Larson's Indianapolis 500 qualifying attempt could derail NASCAR All
- Luka Doncic and defensive
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement
- Mississippi Senate agrees to a new school funding formula, sending plan to the governor
Latest articles
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
Josh Naylor, Ramon Laureano help Guardians outlast Braves 4
Lightning D Sergachev is surprise addition to roster for must
Nadal gets even with De Minaur at Madrid Open. Top seeds Sinner and Swiatek advance
Candice Swanepoel stuns in a form
Christine Quinn claims estranged husband Christian Richard put quarter
LINKS
- China further streamlines mobile payments for foreigners
- China's courier industry: Record
- Faith Ringgold, pioneering Black quilt artist and author, dies at 93
- Outbound tourism growth, inbound recovery projected
- China strengthens crackdown on illegal fishing
- Beijing airports enhance payment facilities for foreigners
- Harvest of renowned Longjing tea begins in east China
- Inside Molly
- Rod Stewart, 79, is joined by his son Aiden, 13, while cheering on his beloved Celtic during their 3
- China's loan prime rates remain unchanged