Inflation cools down in March, but concerns remain.
TL;DR Summary
US inflation eased to 5% in March, down from a 12-year high of 5.5% in February, according to the Labor Department's Consumer Price Index. The Federal Reserve has said it expects the rise in prices to be temporary, but will closely monitor inflation as it considers when to raise interest rates. Prices for used cars and trucks, which had been a major contributor to the recent inflation surge, fell 0.9% in March.
- Inflation Eases to 5% In March, Lowest in Nearly Two Years - WSJ The Wall Street Journal
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