Inflation Cools in March

The March Consumer Price Index (CPI) numbers announced this week were less than expected. CPI is used to calculate inflation. The estimated increase was .2, and the actual increase was just .1, resulting in an improvement in interest rates.

Inflation slowed to 5% in March, a nearly 2-year low, as the Federal Reserve’s interest rate increases showed more impact. The data showed that while inflation is still well above where the Fed feels comfortable, it is at least showing continuing signs of decelerating.

The Producer Price Index (PPI) is down ½ of 1%, again better than expected. The number of jobless claims was 239,000, while the estimated was 235,000. These numbers show inflation is slowly declining and should be very positive for interest rates.

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