Wholesale inflation unexpectedly tumbles 0.5% in March
Former White House Council of Economic Advisors acting chair Tomas Philipson and Rep. Bob Latta, R-Ohio., give an economic outlook and discuss the latest inflation data on 'The Evening Edit.'
before it reaches consumers, fell 0.5% in March from the previous month. On an annual basis, prices are up 2.7%. Excluding the more volatile measurements of food, energy and trade, so-called core inflation rose % for the month — down from the 0.5% gain in January. The reading was up 4.4% on a 12-month basis, unchanged from the previous month. It marked the lowest level of inflation since February 2021.
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