inflation in USA It continues to slow and, in March, registered a rate of 5%, its lowest level since May 2021, according to the Bureau of Labor Statistics (BLS, in English).
The data for the third month is one point lower than that detected in February, which strengthens the slowdown in inflation after reaching 9.1% in July 2022, its highest value in 40 years.
However, the BLS details that consumer prices rose one tenth in March —compared to the four tenths they rose in February— at a time when the Federal Reserve (FED) is analyzing the effects of increasing its interest rate.
In detail, housing accumulates an increase of 8.2% compared to March of last year, while energy prices fell 6.4% in the same interannual period.
Joe Bidenpresident of the United States, pointed out that the data demonstrates “the continuous progress” of his management to mitigate inflation and assured that “they continue to fight to reduce costs for families.”
Source: Larepublica
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