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Consumer prices rose 3.5% from a year ago in March, more than expected

m.knox

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https://www.cnbc.com/2024/04/10/cpi...-3point5percent-from-a-year-ago-in-march.html

  • The consumer price index, a key inflation gauge, rose 3.5% in March, higher than expectations and marking an acceleration for inflation.
  • Shelter and energy costs drove the increase. Energy rose 1.1% after increasing 2.3% in February, while shelter costs were higher by 0.4% on the month and up 5.7% from a year ago.
  • Following the report, traders pushed the first expected rate cut out to September, according to CME Group calculations.
 
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