In March, the United States saw a slowdown in consumer price growth, with the Consumer Price Index rising by 2.4% annually, down from February's 2.8%, reflecting progress in the Federal Reserve's inflation reduction efforts. A significant drop in fuel prices, particularly gasoline, contributed to easing inflationary pressures, providing relief to consumers and supporting the trend of slowing inflation. The core inflation measure, excluding food and energy, rose by 2.8% over the past year, marking the smallest increase since March 2021, suggesting stabilizing underlying price pressures and offering optimism for policymakers.
