⚠️BREAKING: *U.S. CPI EASED TO 5.0% IN MARCH TO ITS LOWEST LEVEL IN NEARLY TWO YEARS 🇺🇸🇺🇸
Investing.com -- U.S. headline inflation slowed by more than expected in March, but the gauge of core prices closely watched by the Federal Reserve accelerated slightly following a rise in shelter costs.for the month dipped to 5.0% from 6.0% in February on an annual basis. Economists had projected that the reading would fall to 5.2%.
It was the smallest 12-month increase since the period ending in May 2021, yet still higher than the Fed's 2% target., below estimates for growth of 0.2%, with the BLS noting that an uptick in housing rents more than offset a decline in energy prices in March.
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