US Inflation Rate Slows More Than Expected

2025-04-10 12:33 By Joana Taborda 1 min. read

The annual inflation rate in the US eased for a second consecutive month to 2.4% in March 2025, the lowest since September, down from 2.8% in February, and below forecasts of 2.6%.

Prices for gasoline (-9.8% vs -3.1%) and fuel oil (-7.6% vs -5.1%) fell more while natural gas prices soared (9.4% vs 6%).

Inflation also slowed for shelter (4% vs 4.2%), used cars and trucks (0.6% vs 0.8%), and transportation (3.1% vs 6%) while prices were unchanged for new vehicles (vs -0.3%).

On the other hand, inflation accelerated for food (3% vs 2.6%).

Compared to the previous month, the CPI decreased 0.1%, the first fall since May 2020, compared to expectations of a 0.1% gain.

The index for energy fell 2.4%, as a 6.3% decline in gasoline more than offset increases in electricity (0.9%) and natural gas (3.6%).

Meanwhile, annual core inflation eased to 2.8%, the lowest since March 2021, and below forecasts of 3%.

On a monthly basis, the core CPI edged up 0.1%, below expectations of 0.3%.



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