Inflation Decreased in March

Inflation Decreased in March

As expected, inflation decreased in March due to the lack of pricing pressure. On the wholesale level, the Producer Price Index declined by 0.2% while Core PPI, which excludes volatile food and energy prices, also fell 0.2%.

At the consumer level, the Consumer Price Index (CPI) dropped by 0.4%, which was more than the expected 0.3% decrease and the biggest decline in five years. On an annual basis, the rate of inflation decreased by 0.8% to 1.5% when compared to March of last year.

Core CPI, which again strips out volatile food and energy prices, decreased by 0.1%. This was the first decline in 10 years. Core inflation also decreased by 0.3% to 2.1% year over year.

Again, we should expect inflation numbers to go down while the lack of pricing pressure remains. We also need to keep a lookout for signs of deflation, which is a decrease in the general price level of goods and services.

The Truth About Lending keeps a close eye on these and other indicators and are able to help you navigate through both the good and bad times.

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