The US Labor Department says the consumer price index in March rose 5.0 percent from a year earlier.
The rate fell from 6.0 percent for the previous month and marked a decline for the ninth straight month.
It is the first time since September 2021 that the rate has been below 6 percent.
Market players and others are waiting to see whether the Federal Reserve will continue to raise its key interest rate in May with this latest inflation figure and jobs data as references.
The rate fell from 6.0 percent for the previous month and marked a decline for the ninth straight month.
It is the first time since September 2021 that the rate has been below 6 percent.
Market players and others are waiting to see whether the Federal Reserve will continue to raise its key interest rate in May with this latest inflation figure and jobs data as references.
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Summary
Consumer price index in March 2022 increased by 5% year-over-year, down from 6% in the previous month. This marks a ninth consecutive monthly decline, with the rate dropping below 6% for the first time since September 2021. The potential impact on interest rates is being closely watched, as market
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ID: 84f302cb-2446-4f99-85fc-47e7d77b7d74
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230413_01/
Date: April 13, 2023
Created: 2023/04/13 07:18
Updated: 2025/12/09 05:06
Last Read: 2023/04/13 07:54