Inflation continued to retreat in March as energy prices pulled back from a year ago. But swings in gasoline and other energy mask price pressures that, while easing, remain under the surface, economists said. More details here:
There's been a "huge" moderation in newly signed rent agreements, said Paul Ashworth, chief North America economist at Capital Economics. But price changes generally take nine months to a year to flow into CPI reports, due to how economists calculate price changes in the housing category, he said.
The food at home index, i.e., grocery prices, fell 0.3% in March, its first monthly decline since September 2020. That's due to a combination of things, such as lower prices for diesel, a key component in transporting food to stores, and easing supply chain issues, Zandi said.Why inflation popped up and remains high
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