2024-04-10T13:22:29+00:00
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/ US Census Bureau data issued in the United States, on Wednesday, showed positive US inflation index data during last March, as it recorded a reading higher than market expectations.
According to the data, the annual US consumer price index recorded a growth of 3.5%, which is higher than market expectations that indicated it would record 3.4%, and the previous reading of the US inflation index had risen to 3.2% last February.
While on a monthly basis, the data showed that the US inflation rate recorded a growth of 0.4% last March. This was higher than market expectations that indicated a growth in the index by 0.3%, while the previous reading of the monthly US inflation data recorded a growth of about 0.4% at the end of last February.
At the same time, the core US inflation rate (which excludes energy and food prices) stabilized at 3.8% on an annual basis at the end of last March, while market expectations had suggested it would slow to 3.7%, noting that the previous reading stabilized at 3.8% at the end of February. the past.
On a monthly basis, the data showed that US core inflation recorded a growth of 0.4% for the month of November, and this was higher than market expectations, which indicated a growth in US core inflation of 0.3%, and US core inflation had recorded a growth of 0.4% on a monthly basis last January.
The US inflation index measures the change in the prices of goods and services provided to consumers on a monthly basis. It also measures the monthly change in consumer prices, which indicates US inflation rates. Meanwhile, the annual US inflation index measures the change in the prices of goods and services provided to consumers on an annual basis and is the first measure of US inflation rates. It is worth noting that inflation means an increase in the prices of goods and services in general. The relationship between US inflation and interest rates is an important factor in understanding how this indicator affects markets and investments.