Inflation Unexpectedly Eases Amidst Tariff Threats | JQJO

U.S. consumer price inflation unexpectedly fell in March, dropping to 2.4% year-on-year from 2.8% in February. The decline, exceeding market expectations, was driven by lower energy prices, particularly gasoline. Core inflation, excluding food and energy, also decreased to 2.8%, its lowest since March 2021. While food prices increased, shelter and used vehicle prices showed moderation. This slowdown comes as President Trump prepared to implement tariffs.