US CPI falls to lowest level since May 2021

FOMC members hint at different views on next monetary policy decision

Federal Reserve
The US Federal Reserve Building

The US consumer price index (CPI) reached its lowest level since May 2021, according to figures released by the Bureau of Labor Statistics today (April 12).

Year-on-year headline CPI inflation reached 5% in March, down from 6% in February, marking the ninth consecutive month in which it fell. But core CPI inflation, excluding food and energy prices, rose to 5.6% year on year, up from 5.2% in the previous month.

The bureau said energy prices had helped drive the headline figure down, falling 6

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