Here's the Breakdown for March CPI, in One Chart
Annual inflation rate in the US accelerated for a second straight month to 3.5% in March 2024 from 3.2% in February, above market forecasts of 3.4%. Compared to the previous month, the CPI rose 0.4%, the same as in February but above forecasts of 0.3%.
Food costs were up 2.2% compared with one year ago, consistent with last month.
Energy costs increased by 2.1% YoY. Energy costs decreased by 1.9% YoY in February.
Used cars and trucks prices decreased by 2.2% YoY. The prices decreased by 1.8% in February.
Shelter costs were up 5.7% compared with one year ago, consistent with last month.
Futures tied to the Dow Jones Industrial Average declined 442 points, or 1.1%. S&P 500 and Nasdaq-100 futures fell 1.3% and 1.4% each.
Related Article: Here's the Breakdown for February CPI, in One Chart
By Moomoo US Team Calvin
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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WhampoaDragon : Still long way to 2% target ?
Nidia_Girl : I think they raise interest rates , this could rise another month
MonkeyGee : inflation will never go down under Biden because his administration doesn't understand economics. Trump will stop inflation under one month. He will cut the oil price in half, and inflation will collapse. you can't have inflation without oil. Having said this, do you remember how inflation all started?
MonkeyGee MonkeyGee:
OKAY, this is funny. This simple obvious comment is getting more LIKES than all my high effort comments. I hate to tell you that inflation has only started. Think why Janet Y visit China.
Trytosaveabit MonkeyGee: Love it! Just facts that any person that is being honest would be able to see exactly what you say is truth and accurate!
GoodLuckGoodFortune : March CPI YoY. Nice
Larry Henderson320 : biden is doing great as far as I can see
Bullish Law : There is no way inflation will end .
rawrrrbucks Bullish Law: Inflation will always be there. If we have disinflation then we have bigger problems on our hands.