Consumer prices unexpectedly declined in March for the first time since 2020, according to The Wall Street Journal. The consumer-price index fell by ten basis points, and annual inflation eased to 2.4%, below economists’ expectations. The drop was driven largely by falling gas, airline, and hotel prices. Economists warn the decline is likely short-lived, as Trump’s sweeping new tariffs, announced April 2, have yet to hit the data. Food costs continued to rise, and analysts expect inflation to rebound in coming months.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Super prices unexpectedly declined in March for the first time since 2020,
00:06according to the Wall Street Journal.
00:08Super price index fell by 10 basis points.
00:11Annual inflation eased to 2.4 percent, below economists' expectations.
00:15The drop was largely driven by falling gas, airline and hotel prices.
00:19Economists swore the decline is likely short-lived,
00:21as Trump's sweeping new tariffs announced April 2nd have yet to have the data.
00:25Food costs continue to rise, and analysts expect inflation to rebound in the coming months.
00:29For all things money, visit Benzinga.com slash GSTV.