Inflation took a massive plunge in March | iCloud.Info

Wed, 04/12/2023 - 08:40

People stand at the check-out counter at a grocery supermarket — People stand at the check-out counter after shopping at a grocery supermarket in Alhambra, California, on July 13, 2022.
FREDERIC J. BROWN/AFP via Getty Images

Inflation is still cooling so far in 2023.
That's according to the year-over-year increase of the Consumer Price Index for March.
The Consumer Price Index increased 5.0%, the lowest rate since May 2021.

Inflation massively tumbled, according to March data from the Bureau of Labor Statistics.

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economy, Markets, CPI, Economic Indicators, Inflation, Inflation Report, inflation outlook, CPI data, Consumer Price Index, Inflation data, CPI inflation, INSIDER graphics

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Inflation took a massive plunge in March