Turkey

US inflation alarming; up 8.5% in March

Annual consumer inflation in the US rose 8.5% in March, marking the largest 12-month increase since December 1981, the US Department of Labor said on Tuesday.

The consumer price index (CPI), which measures changes in the prices of goods and services from a consumer’s perspective, came higher than the market estimate of 8.4%, after it rose 7.9% in February.


In March, the CPI rose 1.2% from the previous month, coming in line with market consensus. The CPI increase in February was 0.8%.

The food index increased 1% in March, the Labor Department said in a statement.

The energy index rose 11% in March, following a 3.5% gain in February, while the gasoline index jumped 18.3% last month, after gaining 6.6% the previous month.

On an annual basis, the indices for energy, gasoline, natural gas and electricity were up 32%, 48%, 21.6% and 11.1%, respectively.

Core consumer prices index (CPI), which exclude food and energy, increased 0.3% in March from the previous month, following a 0.5% rise in February.

Core CPI jumped 6.5% year-on-year, marking the largest 12-month increase since the period ending August 1982, according to the Labor Department.

Print Friendly, PDF & Email

Joe Biden Hints Meddling in Turkish Elections

A.Carter corfirms ties with PYD, YPG, PKK

US’s secret: child soldiers in Syria

UAE Foreign Minister Abdullah Bin Zayed allegedly assassinated

Video

Follow us on Twitter

Joe Biden Hints Meddling in Turkish Elections

A.Carter corfirms ties with PYD, YPG, PKK

US’s secret: child soldiers in Syria

UAE Foreign Minister Abdullah Bin Zayed allegedly assassinated

Video

Follow us on Twitter