The March CPI data once again came in a bit too hot for comfort. Both headline and core CPI rose 0.4%, and although the latter increase was a "low" 0.4% gain (0.36% unrounded), the three-month annualized rate of core CPI inflation climbed to 4.5%, the fastest pace since May 2023.
Inflation, the new normal!
Inflation, the new normal!
Inflation, the new normal!
The March CPI data once again came in a bit too hot for comfort. Both headline and core CPI rose 0.4%, and although the latter increase was a "low" 0.4% gain (0.36% unrounded), the three-month annualized rate of core CPI inflation climbed to 4.5%, the fastest pace since May 2023.