US consumer prices rose 0.4% in March

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A March report on consumer price dynamics by the US Department of Labor showed that consumer price growth in monthly terms accelerated to 0.4% from 0.2% a month earlier and coincided with economists' forecasts. Annual inflation in March was at the level of 1.9%, accelerating against the February figure of 1.5% and indicating the highest value since December last year. According to economists, inflation was expected at 1.8%. The inflation rate, which excludes energy and food prices, increased by 0.1% compared with February. In annual terms, its growth was 2%. At the same time, the fall in prices for clothes by 1.9% for the month was the most significant since 1949, as warned by experts from Goldman Sachs and Societe Generale in connection with the introduction of a new methodology for collecting information based on data obtained directly from the network of department stores. In annual terms, clothing has fallen in price by 2.2%. The cost of energy increased by 3.5%, transport services - by 1.5%.

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