Surging US inflation tempered by small drop in expectations
Expectations fall over medium term but rise in short term
Year-on-year consumer price index inflation reached 8.5% in the US in March, the highest reading the nation has seen since 1981. However, there was slight relief for Federal Reserve policy-makers as inflation expectations showed some tentative signs of easing.
Energy, housing, and food made up the bulk of the March price increases, growing 32%, 5%, and 8.8%, respectively. Transportation services rose 7.7% as well.
Airline fares, household furnishings and operations, medical care, and motor
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com