In March, consumer prices added 0.3% over the previous month in seasonally adjusted terms, which was below the 0.4% rise recorded in February, but in line with market expectations. The monthly price rise was mainly driven by a sharp increase in energy prices, in particular for fuel oil. Despite the monthly increase, annual headline inflation fell from 2.9% in February to 2.7%, which marks its lowest level in a year. Meanwhile, the closely monitored core inflation index, which excludes food and energy, added a milder 0.2% over the previous month. As a result, annual core inflation remained unchanged at February's 2.2%. Annual average inflation over the previous 12 months remained unchanged at February's 3.3%. In its latest forecast, the Federal Reserve expects PCE inflation (based on the price index for personal consumption expenditures) to average between 1.4% and 1.8% this year.
United States Inflation
Annual inflation falls to one-year low
April 13, 2012
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Note: Year-on-year and month-on-month variation of seasonally adjusted consumer price index in %.
Source: Bureau of Labor Statistics.
United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
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October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.