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CPI Rose 0.3% In March And 1.3% In Clothing Prices.

2008/4/17 11:18:00 47

CPI Rose 0.3% In March And 1.3 In Clothing Prices.

The US labor department's 16 day data show that in March, the consumer price index increased by 0.3% in the month, and the core consumer prices rose by 0.2% after excluding food and energy, which was in line with market expectations.

In March, the consumer price index rose 4%, compared with February figures, and the core CPI increased by 2.4%.


The above data is higher than the upper limit of the comfort zone of the Federal Reserve about 1.5% to 2%.

According to the Fed's propensity standard, the core CPI of personal consumption expenditure has been rising, and its annual growth rate has been 3.4% in February.


The high inflation index has made the Fed's task of injections of capital into the market to ease the crisis even more complicated.

The current credit crisis and housing downturn are also damaging more economies. Federal Reserve Chairman Bernanke recently acknowledged that the economy is at risk of recession.


Since September 07, the Fed has cut interest rates sharply to the current 2.25% and is likely to cut interest rates again at the April 29th meeting.


In March, energy prices rose 1.9% in the United States, 17% in the year to year, 1.3% in gasoline prices and 0.8% in electricity prices.


Over the same period, the price of food increased by 4.5% in 0.2% years.

Medical prices rose by 0.1%, clothing prices fell by 1.3%, and pportation prices rose by 0.7%.

Housing prices, which account for about 40% of the CPI index, rose by 0.4%, while rent and homeowners' equivalent rents rose by 0.2%, while boarding prices dropped by 0.6%.


On the 16 day, the Ministry of labour announced in an independent report that the actual average weekly wage of the US adjusted for 3 menstrual inflation rose by 0.2%, and the average hourly wage and the average weekly working hours increased by 0.3%.

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