The latest consumer price index (CPI) figures confirm that US inflation picked up pace last month, with the headline rate jumping from 2.4% in February to 3.3% in March, according to the Bureau of Labor Statistics.
On a monthly basis, prices increased 0.9%, in line with forecasts and marking the largest such gain since 2022. Core inflation, which excludes food and energy, advanced more modestly to 2.6% year-on-year from 2.5%, while monthly core prices rose 0.2%.
