March Inflation Report: Cooling Continues, But Still Above Fed's Target
The March US inflation report, to be released on Wednesday, will reveal whether the strong disinflation forces seen late last year reemerged last month. Used car prices have been rising in recent months, but that has not been reflected in the consumer price index, where used cars and truck prices have retreated for the past six months. Analysts anticipate that changed last month. One other sector to watch is shelter, where private sector measures of rent prices have steadily dropped. Overall inflation is expected to be 5.2% in the 12 months through March, down from the 6% the prior month.