US Inflations Falls for First time in 12 Months

April 14, 2017 Share Print 0

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

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.