Inflation was more moderate than economists expected last month, according to data released Thursday morning, though President Donald Trump’s tariff threats could drive consumer prices back up in a major fashion.
Consumer prices declined 0.1% month-over-month and rose 2.4% year-over-year in March, according to the Bureau of Labor Statistics’ consumer price index, compared to consensus economist forecasts of a 2.6% annual rise in prices and a 0.1% month-over-month increase, according to FactSet data.