Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
U.S. inflation measured by the consumer price index rose 8.5% over the last year in March and 1.2% from February, both at the higher end of expectations, the Bureau of Labor Statistics said Tuesday, with the datashowing one of the firmest headline month-on-month changes since September 2005. The strength in prices largely attributable to ripping increases in energy prices.
Core CPI rose 6.5% over the year and 0.3% over the month, with core monthly figure below market expectations. Shelter prices rose 0.5% in March and 5.0% over the year, accounting for nearly two-thirds of the increase in core CPI, the BLS said, with owners’ equivalent rent up 0.4% and rents up 0.4% over the month. New vehicles were up 0.2%, and used cars and truck prices again retreated, down 3.8% over the month, after rising sharply over the pandemic, one of the few categories to decline in the month.
The gasoline index rose 18.3% in March and accounted for over half of the all items monthly increase. The food index rose 1.0% and the food at home index rose 1.5%.
Source: BLS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.