Current location:world >>
US CPI accelerates to 3.5% in March
world3People have gathered around
IntroductionThis photo taken on March 12, 2024 shows a gas station in Vienna, Virginia, the United States. [Phot ...
This photo taken on March 12, 2024 shows a gas station in Vienna, Virginia, the United States. [Photo/Xinhua]
U.S. consumer inflation in March sped up to 3.5 percent from a year ago, after ticking up to 3.2 percent in February, indicating continued inflation pressure, the U.S. Labor Department reported Wednesday.
The Consumer Price Index (CPI) increased 0.4 percent in March on a seasonally adjusted basis, the same increase as in February, it said.
The index for shelter rose in March, as did the index for gasoline. Combined, these two indexes contributed over half of the monthly increase in the index for all items, it said.
The latest inflation report showed that the so-called core CPI, which excludes food and energy, increased 0.4 percent in March, as it did in January and February, after edging up 0.3 percent in December. Core CPI rose 3.8 percent over the last 12 months.
The energy index increased 2.1 percent for the 12 months ending March, the first 12-month increase in that index since the period ending February 2023. The food index increased 2.2 percent over the last year.
At an event at Stanford University last week, U.S. Federal Reserve Chair Jerome Powell said it is too soon to say whether the recent inflation readings "represent more than just a bump."
"We do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2 percent," said Powell.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Wonders news portal”。http://zimbabwe.downmusic.org/content-04d299903.html
Related articles
French sports minister calls for sanctions after Monaco player tapes over anti
worldPARIS (AP) — France’s sports minister has called for soccer club Monaco to be sanctioned after one o ...
【world】
Read more"Lanting" cultural salon in Auckland celebrates Chinese calligraphy, traditions
worldAUCKLAND, New Zealand, April 7 (Xinhua) -- In a vibrant celebration of Chinese culture, the "Lanting ...
【world】
Read moreChina to strengthen capital market regulation, risk prevention
worldBEIJING, April 12 (Xinhua) -- China's State Council has released a guideline on strengthening regula ...
【world】
Read more
Popular articles
- Kristin Cavallari, 37, ignores critics of her age
- Newsmakers
- China urges U.S., Japan, Philippines to stop undermining regional peace, stability
- Commentary: Washington should not treat Pacific Islands as its own backyard
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
- People's Daily Online seeks English copy
Latest articles
Children are evacuated from school 'during an exam' after threat made via email
Alabama clinics pause IVF treatments after frozen embryo ruling
Commentary: Resumption of China
Interview: Malaysia pursues holistic strategy to boost Chinese tourist arrivals
A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
Commentary: Hyping up China's industrial capacity, an ill logic leading nowhere
LINKS
- BLM founder is arrested at court after confronting cop with vile tirade and threats
- Rishi Sunak hints there won't be an election until AUTUMN during grilling on ITV's Loose Women
- Oregon man convicted of sexually abusing 2 teen girls he met online gets 12 1/2 years in prison
- Barcelona closer to securing second place in Spanish league after 2
- Rishi squirms under the fire of the Loose Women: Awkward scenes on daytime TV as Janet Street
- How just one horrible moment in your past could cause ALZHEIMER'S, according to new study
- For the children of Gaza, war means no school — and no indication when formal learning might return
- A new Democratic ad campaign targets one of Trump's most loyal blocs: Rural voters
- Pictured: Writer, poet and anti
- Georgia Republican files for divorce from glamorous oncologist after seven children