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Inflation in the US accelerated in March to a maximum of 3.5% in six months


April, 10 2024
watermark Economic news

According to the US Department of Labor, the consumer price index in the country increased by 3.5% in March compared to the same period last year. 


The rate of acceleration of inflation increased from 3.2% in February and became the highest since September 2023.  The actual figure also exceeded analysts' forecasts, which had expected an increase to 3.4%.


Energy prices increased by 2.1% year-on-year for the first time since February 2023. Gasoline rose in price by 1.3%. Food and housing prices remained stable at 2.2% and 5.7%, respectively. 


The CPI index for March increased by 0.4% compared to the previous month, and the Core CPI index, which excludes food and energy, also increased by 0.4%. 


These data are carefully analyzed by the Federal Reserve System, which monitors the inflation rate when making monetary policy decisions. The next Fed meeting is scheduled for April 30-May 1.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.