U.S. CPI rises 2.4% year-over-year in March, below expectations

The U.S. Consumer Price Index (CPI) rose 2.4% year-over-year in March, falling short of market expectations of 2.5%, according to data from the U.S. Bureau of Labor Statistics shared by Investing.com. On a monthly basis, CPI decreased by 0.1%, below the expected 0.1% and lower than February’s 0.2% rise. The core CPI, which excludes food and energy prices, climbed 2.8% year-over-year, slightly below the anticipated 3.0%, and saw a monthly rise of 0.1%, underperforming the expected 0.3% increase.