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US inflation much more likely to be transitory this time around
US headline CPI showed prices rising 0.9% month-on-month in March, as expected by the market, with a 21.2% MoM jump in gasoline prices contributing the bulk of upside impetus. Airline fares rose 2.7% MoM and apparel prices rose 1%. However, excluding food and energy, inflation was softer than feared, rising only 0.2% MoM/2.6% YoY versus expectations of a 0.3%/2.7% outcome. This was thanks largely to a 0.4% drop in used car prices, a 0.2% decline in medical care and a 0.4% decline in "other goods & services”. Housing costs, the single biggest component by weight, rose 0.3%. The economy has handled tariffs well, ... (full story)
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Trader#2049
Apr 11, 2026 12:31am
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The White House on Friday tried to look past government data showing a jump in inflation driven by the war in Iran. Consumer prices posted their largest monthly gain since 2022, according to new Labor Department data, as rising costs at the gas pump led overall prices up by 3.3% compared to a year ago. On a “core” basis, stripping out food and energy, ...
Inflation in March saw the largest monthly gain since 2022 as the US-Israel war against Iran sent gas prices skyrocketing past $4 a gallon. Headline inflation clocked in 3.3% higher than a year ago, while rising 0.9% on a monthly basis in a rapid acceleration from February’s levels, according to Labor Department data released Friday. Economists surveyed by ...
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent on a seasonally adjusted basis in March, after rising 0.3 percent in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.3 percent before seasonal adjustment. The index for energy rose 10.9 percent in March, led ...
