US Inflation Drops to 2.4% in March

The United States experienced a noticeable decrease in inflation rates this March, with the annual figure settling at 2.4%, down from February's 2.8%, as reported by the Labor Statistics Bureau. This marks a significant shift in the economic landscape, with the Consumer Price Index (CPI) also showing a 0.1% decrease month on month.

Energy and Food Prices Show Contrasting Trends

Over the past year ending in March, the energy index saw a sharp decline of 3.3%, with a monthly drop of 2.4%. In contrast, food prices have risen by 3% compared to the same period in 2024, with a monthly increase of 0.4%.

Core CPI Adjustments

The core CPI, which excludes the volatile food and energy sectors, increased by 2.8% year over year in March. This represents a 0.3 percentage point decrease from February's figures, with a modest 0.1% rise from the previous month.