United States inflation slowed greatly in March as consumer prices, with the help of the coronavirus, recorded their largest decline for a month in over five years, a government report showed Friday, April 10. Lower gasoline contributed most to the overall decline. Also impacting were pricing drops for clothing, transportation and new vehicles.
Of note, core inflation, which excludes food and energy, registered a monthly decline for the first time in over ten years.
From a year ago, energy prices fell sharply, the data shows, while food prices firmed. Continue reading U.S. Annual Inflation Slows to 1.5%; Consumer Prices in March Fall Most in Five Years