March Consumer Price Index: Gas Prices Fall While Food Costs Rise

Reported 5 days ago

In March, inflation declined, marking the slowest annual rise in core consumer prices in four years, largely due to a significant drop in gasoline prices. Although energy prices fell by 6.3% month-over-month, food costs continued to increase, with an annual rise of 2.4%, driven by an ongoing surge in dining expenses. Shelter inflation showed signs of easing, with the slowest annual increase since 2021. Overall, while these trends bring some relief, uncertainty looms over future economic impacts amid ongoing trade tensions.

Source: YAHOO

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