Core Inflation Hit 4-Year Low Of 2.8% In March—But Tariffs Still Loom

Inflation was more moderate than economists expected last month, according to data released Thursday morning, though President Donald Trump’s tariff threats could drive consumer prices back up in a major fashion.

Consumer prices declined 0.1% month-over-month and rose 2.4% year-over-year in March, according to the Bureau of Labor Statistics’ consumer price index, compared to consensus economist forecasts of a 2.6% annual rise in prices and a 0.1% month-over-month increase, according to FactSet data.