Thursday, April 10, 2025

Core cpi inflation finally comes down under 3% yoy in Mar 2025, seasonally adjusted or not, to 2.8%, finally lower than Apr 2021 for the first time in four years

 ... Food prices climbed 0.4% on the month. Egg prices rose another 5.9% and were up 60.4% from a year ago. Moreover, shelter prices, among the most stubborn components of inflation, increased just 0.2% in March and were up 4% on a 12-month basis, the smallest gain since November 2021. ...

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The expectation was for core at 3%.