TechFlow News: On April 10, the U.S. March unadjusted CPI year-on-year rate stood at 3.3%, in line with expectations of 3.3% and up from the previous reading of 2.40%. Due to the war with Iran driving gasoline prices sharply higher, the U.S. March seasonally adjusted CPI rose 0.9% month-on-month—the largest increase since 2022. Data released on Friday showed that the U.S. March Consumer Price Index rose 0.9% from February, with the year-on-year growth rate accelerating to 3.3%, the fastest pace since the start of 2024. The U.S. Bureau of Labor Statistics stated that the record surge in gasoline prices accounted for nearly three-quarters of the monthly CPI increase. Another measure—core CPI, which excludes food and energy costs—slowed to a 0.2% month-on-month rise. (Jinshi)
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