The U.S. annual inflation rate was higher than expected for the third consecutive quarter in March, suggesting that the Federal Reserve may have to travel along the same path slowly and unevenly.
According to the Bureau of Labor Statistics ( BLS), the consumer price index ( CPI ) rose to 3.5 percent last month, up from 3.2 percent in February. Additionally, this was higher than the discussion prediction of 3.4 percent.
Monthly prices increased by 0.4 %, beating market expectations by 0.3 %.
The main CPI, which removes the turbulent energy and food parts, was constant at 3.8 percentage but came in somewhat higher than the forecast of 3.7 percentage. Core inflation even jumped 0.4 per-cent….
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