US March CPI inflation rate drops to 2.4%, core CPI hits four-year low

The US March CPI (Consumer Price Index) inflation rate fell to 2.4%, below the expected 2.5%.

The core CPI inflation rate dropped to 2.8%, below the expected 3.0%.

This marks the second consecutive month of decline in both overall CPI inflation and core CPI inflation.

Despite the ongoing trade war, inflation has significantly cooled down.

This is the lowest core CPI inflation rate in the past four years.

The current overall CPI inflation is only 40 basis points above the Federal Reserve's 2% target.

In just the past three months, inflation has fallen by 60 basis points.

America's economic data is not as pessimistic as some people say. The more the trade war persists, the clearer we must remain, understanding both ourselves and our opponents, to seize the initiative for victory.

Original article: https://www.toutiao.com/article/1829026650348554/

Disclaimer: This article solely represents the author's personal views.