finance
US CPI Data Shows Core Inflation Below Expectations in March 2024
The US Consumer Price Index for March recorded a core year-over-year rate of 2.6%, below the forecasted 2.7%. Supercore CPI rose 3.14% year-over-year, up from 2.75% previously. Canadian employment added 14.1K jobs, meeting unemployment expectations at 6.7%.
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US Core CPI YoY for March: 2.6% (below forecast of 2.7%).
US Supercore CPI YoY for March: 3.14% (previous 2.75%).
Canada net change in employment for March: 14.1K.
Unemployment rate: 6.7%.
US real average hourly earnings YoY for March: 0.3%.
No direct quotes from officials accompanied the releases in the available data.
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CorroborationStrong · 5 sources
