U.S. March CPI Inflation Rises 0.9% Month on Month, Below 1.0% Estimate
The latest Consumer Price Index (CPI) reading came in above the prior month’s 0.3% increase but slightly below market expectations, indicating inflation remained elevated in March.
Summary
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Terms & Concepts
Consumer Price Index (CPI): A widely used inflation measure that tracks changes in the prices consumers pay for goods and services.
Month on month (M/M): A comparison of data from one month to the previous month, commonly used to show short-term changes in economic indicators.