Washington:
According to government data published on Wednesday, US consumer inflation cooled gas prices last month, as consumers and businesses waited nervous to come under the influence of President Donald Trump’s widespread tariff.
The US leader declared the levy as 50 percent high on imports from some countries last week, increasing tambling and bond yields in the stock markets – only to make sudden changes on all countries except China on Wednesday.
Beyond the dramatic market movements that come with those levy, the Consumer Price Index (CPI) cooled up to 2.4 percent in March a year ago, the labor department said in a statement – less than economists’ estimates.
On a monthly basis, inflation was actually contracted 0.1 percent from a month ago.
The Labor Department said in a statement, “The index for energy fell 2.4 percent in March, the index for gasoline has increased the index in power and natural gas due to a decline of 6.3 percent.”
The food index rose 0.4 percent in March.
Except for unstable food and energy costs, inflation increased by 0.1 percent in March a month ago, and 2.8 percent in the last 12 months.
This was “the smallest 12 months growth since March 2021,” said the Labor Department. It also came under the medieval estimates of economists surveyed by Dow Jones Newuswire and Wall Street Journal.
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