Has Inflation Increased or Decreased in US During March?
Inflation hasn’t exactly been increasing by a satisfying pace in the US in the last several years. It didn’t when the global economy was expanding considerably from 2015 to 2018 and certainly didn’t meet expectations last year, as the global economy slowed down considerably.
As a result, consumer price index (CPI) inflation has been only growing by around 0.1%-0.2%. The inflation report released last month from the US showed a 0.1% increase for headline CPI in February and a 0.2% increase in core CPI, which excludes oil prices, as oil prices declined in February.
Today, the inflation report for March will be released and it will be an interesting one. Crude Oil crashed lower last month, which should weaken inflation further, while the panic buying last month and the scarcity for some items should help inflation increase.
Expectations are for a 0.1% increase in core CPI and a 0.3% decline in headline CPI, which should be due to lower Oil prices I assume. But, nothing is set in stone and rules don’t exactly work today. So, we will see which side will have the bigger effect on inflation.
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