04/12/2023

U.S. Inflation Fell in March for the Ninth Month in a Row

The pace of U.S. consumer price increases continued to cool down

The pace of U.S. consumer price increases continued to cool down in March from last summer's scorching-hot levels.

Annual inflation, as measured by the Consumer Price Index, dropped for the ninth consecutive month in March, the Bureau of Labor Statistics reported Wednesday.

Prices rose 5 percent for the 12 months ended in March, down from 6 percent in February. On a monthly basis, CPI rose 0.1 percent from February, as compared to a previous 0.4 percent increase.

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