The cost of goods and services for American consumers fell in March for the first time in more than a year, reflecting a decline in gasoline prices that’s put a halt for now to rising inflation.
The consumer price index, or cost of living, fell by a seasonally adjusted 0.3% last month, the government said Friday. Economists polled by MarketWatch had forecast a 0.1% decline.
Inflation at the consumer level has leveled off in the past two months, mostly because of the lower cost of gasoline and other fuels. The rising cost of housing has also tapered off.
via Market Watch
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.