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U.S. Inflation Eased to 5% in March
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U.S. inflation eased to 5% in March from a year earlier, its lowest level in nearly two years, but underlying price pressures remained elevated despite the Federal Reserve’s campaign to slow rapid price increases.
Last month’s rise in the consumer-price index, a closely watched inflation gauge that measures what consumers pay for goods and services, was lower than February’s 6% increase and the smallest gain since May 2021, the Labor Department said Wednesday. Households saw higher prices for food and shelter, and lower prices for gasoline and used vehicles.
Read more on wsj.comAbout this in other media
Supplier Prices Fell in March, Adding to Signs of Moderating Inflation wsj.com /1 year ago
UK inflation rate surprises again with March figure holding above 10% cnbc.com /1 year ago
U.S. Inflation Eased to 5% in March wsj.com /1 year ago
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