Headline Roundup • April 10th, 2025
Inflation Rate Declines to 2.4% in March
Summary from the AllSides News Team
The US inflation rate eased to 2.4% in March, lower than the expected rate and down from February's 2.8%. This is the first round of data reflecting the potential impact of President Donald Trump's tariffs.
The Details: The consumer price index, a broad measure of goods and services costs across the US economy, fell a seasonally-adjusted 0.1% in March. The core inflation rate, excluding food and energy, was at 2.8% annually, the lowest since March 2021. Slumping energy prices and an unexpected 6.3% decline in gasoline prices contributed to this decline. However, food prices, particularly egg prices, soared due to bird flu impacts, with a rise of 60.4% from a year ago.
For Context: The data comes amid concerns about tariffs imposed by Trump and their potential impact on inflation. Despite a 90-day pause announced by the president on some tariffs, the effective tariff rate is expected to increase, potentially driving up prices for foreign goods.
How The Media Covered It: ABC News (Lean Left) highlighted the impact of the bird flu on egg prices. Outlets across the spectrum emphasized that the economy is in good shape right now, but tariffs could cause inflation to rise.
Revised by the AllSides staff (of humans) after a first draft from our custom AI. Learn more. Support our mission.
Featured Coverage of this Story
CNBC
Consumer price inflation eased more than expected in March as President Donald Trump prepared to launch tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Thursday.
The consumer price index, a broad measure of goods and services costs across the U.S. economy, fell a seasonally adjusted 0.1% in March, putting the 12-month inflation rate at 2.4%, down from 2.8% in February.
Excluding food and energy, so-called core inflation ran at a 2.8% annual rate, having increased 0.1% for the month. That was the lowest rate for core inflation...
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.
US inflation slowed more than expected in March, according to the first month of consumer price data to account for the impact of President Trump’s sweeping tariff wars.
The Consumer Price Index rose 2.4% over the past 12 months through March, below expectations of a 2.6% rise and beneath last month’s 2.8% figure, the Bureau of Labor Statistics said Thursday.
Core CPI, which excludes volatile food and energy prices, came in at 2.8% — also below projections of a 3% jump and February’s 3.1% figure, according to the government data.
.png)
