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April 2024

Third Consecutive Month of Higher Than Expected Inflation: March CPI Report

The Consumer Price Index was up 3.5 percent over the year through March, up from 3.2 percent in February. The core inflation, which excludes volatile food and energy prices, remained steady at 3.8 percent, surpassing the consensus prediction of a 3.7 percent rise. The persistently high core rate indicates underlying inflationary pressures, unchanged from the previous month, defying expectations of a...

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