US Inflation Drops to 5% in March: Lowest in Two Years

According to March 2023 data, inflation has dropped to 5% for the ninth time in a row. Inflation dropped to 6% in February 2023 and is now down to 5% as published.publicby the United States Bureau of Labor Statistics The current rate is 0.2% lower than market expectations.

The United States started 2023 with inflation at 6.4%, the current rate being the lowest relative to inflation since May 2021.

The food index was up 8.5% while the energy index was down 6.4%. [CPI] rose 0.1% to 5.6% from the previous month. Higher housing costs also offset a 3.5% fall in energy costs and food costs held steady.

Although inflation has continued to decline this year. But many believe inflation could peak by the end of 2023. Stormwall Advisors founder Michael Wilkerson recently suggested that US inflation could rise as high as 12% by December 2023. The expected dramatic increase may not be.

refer : LINK

The post US inflation drops to 5% in March: 2-year low appeared first on Bitcoin Addict.

source site