Inflation Cools, But Still 5%
View Source | April 12, 2023 8:53 am
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- Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday.
- The consumer price index, a widely followed measure of the costs for goods and services in the U.S. economy, rose 0.1% for the month against a Dow Jones estimate for 0.2%, and 5% from a year ago vs. the estimate of 5.1%.
- Excluding food and energy, core CPI increased 0.4% and 5.6% on an annual basis, both as expected.
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