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Kiplinger
Kiplinger
Business
Dan Burrows

March CPI Report Comes in Hot: What the Experts Are Saying About Inflation

Inflation United States Economy Interest Rates US Federal Reserve
Cpi report inflation.

A data-dependent Federal Reserve will likely push back the timing of its first interest rate cut after the Consumer Price Index (CPI) revealed that inflation accelerated sharply last month.

Headline inflation rose 0.4% in March, the Bureau of Labor Statistics said Wednesday, exceeding economists' forecast for a 0.3% increase. On an annual basis, headline inflation increased 3.5%. That was up from 3.2% a month ago and topped estimates for a 3.1% print.

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