Happy Spring: Rising Gasoline, Rents Boost U.S. Consumer Prices In March

U.S. consumer prices increased by the most in 14 months in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth. The tame inflation environment and moderating economic activity support the Federal Reserve’s decision last month to suspend its three-year campaign to raise interest rates. The U.S. central bank dropped projections for any rate hikes this year after lifting borrowing costs four times in 2018. The Labor Department said on Wednesday its Consumer Price Index rose 0.4 percent, boosted by increases in the costs of food, gasoline and rents. In the 12 months through March, the CPI increased 1.9 percent. Energy prices jumped 3.5 percent in March, accounting for about 60 percent of the increase in the CPI last month, after gaining 0.4 percent in February. Gasoline prices surged 6.5 percent, the biggest gain since September 2017, after rising 1.5 percent in February.Food prices gained 0.3 percent after accelerating 0.4 percent in February. Food consumed at home increased 0.4 percent. 

https://www.reuters.com/article/us-usa-economy-idUSKCN1RM1JW?utm_campaign=trueAnthem:+Trending+Content&utm_content=5cadf127e6dfda0001dce342&utm_medium=trueAnthem&utm_source=twitter

Share this post


Link to post
Share on other sites

Simplify: Cost of living is up again....

Share this post


Link to post
Share on other sites

As someone said "recession is imminent"...

Share this post


Link to post
Share on other sites

I did not see the term "inflation" ... Probably, the best word to explain the topic.

Share this post


Link to post
Share on other sites

11 minutes ago, pinto said:

Simplify: Cost of living is up again....

.. or domino effect. Real question is: What will then be in April?

Share this post


Link to post
Share on other sites

When gasoline prices go too high people drive less and cut down spending in other items in their budget. They also buy or use smaller vehicles. if they have them. 

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0