U.S. inflation further cooled in March, with the consumer price index (CPI) increasing 2.4% and beating economists’ expectations.
On a month-over-month basis, prices declined 0.1% in March, marking the first time monthly CPI prices have fallen since May 2020, according to a report from the Bureau of Labor Statistics (BLS) released Thursday. The CPI fell largely in part to a decline in energy prices, which fell 2.4% in March, the BLS reported.
The report comes just one day after President Donald Trump announced a 90-day “pause” on some massive tariffs that some experts have warned could potentially drive prices higher.
“Promises made. Promises kept,” White House Press Secretary Karoline Leavitt said Friday in a post on X in response to the March CPI report.
Trump issued several executive actions aiming to bring down the cost of living for American households,…
