(menafn – ecpulse)
US consumer prices rose at a slower pace in March mainly as the past surge in energy prices eased noticeably this past month, yet as an overall inflation levels remain well subdued in the superpower, which will most probably be the case till the end of the year as confirmed recently by the Federal Reserve Bank of New York President along with the FOMC members.
Accordingly today the consumer-price index came in as forecasted at 0.3 percent in March from a prior slight higher reading of 0.4 percent and the Core CPI which excludes in fact energy came in also at 0.1 percent from 0.2 percent and below the market forecasts of 0.2 percent while that Core CPI for the yean ending March rose slightly to 2.3 percent from 2.2 percent.
Not forgetting yesterday where Core PPI for March rose only slightly to 0.3 percent from 0.2 percent as a result of higher light truck and soaps prices and came in at 2.9 percent from 3.0 percent for the year ending March while that the PPI for the same month actually plunged to 0.0 percent from 0.4 percent, all in all confirming stable inflation levels as seen this past month and also past year.
No wonder that we only witnessed some incline of prices is just few sectors and categories of goods or services watching mainly a 1.3 percent jump in the cost of used cars and trucks while that in fact fuel prices started to become stable with the cost of a gallon of regular gasoline easing to 3.91 on April 11 from actually a 10-month high of 3.94 that was reached a week earlier.
Accordingly it is simply common sense to say that inflation levels across the nation remain well subdued across the country on a short and long term regardless of the past surge in prices caused by higher gasoline and fuel prices which were only temporary while that yesterday the Federal Reserve Bank of New York President; William C. Dudley, attested publicly that he expect only a "moderation of overall inflation to resume later this year.
