Financial News: U.S. Consumer Prices Virtually Unchanged In March, In

U.S. Consumer Prices Virtually Unchanged In March, In Line With Estimates

04/30/2025 - 10:38:00 (RTTNews)

(RTTNews) - A closely watched report released by the Commerce Department on Wednesday showed U.S. consumer prices were virtually unchanged in the month of March.

The Commerce Department said its personal consumption expenditures (PCE) price index edged down by less than a tenth of a percent in March after rising by an upwardly revised 0.4 percent in February.

Economists had expected the PCE price index to come in unchanged compared to the 0.3 percent increase originally reported for the previous month.

The report showed a 0.5 percent decrease by prices for goods more than offset a 0.2 percent uptick by prices for services.

The Commerce Department also said the annual rate of growth by the PCE price index decelerated to 2.3 percent in March from an upwardly revised 2.7 percent in February.

Economists had expected the annual rate of growth by the PCE price index to slow to 2.2 percent from the 2.5 percent originally reported for the previous month.

Meanwhile, the Commerce Department said the core PCE price index, which excludes food and energy prices, crept up by less than a tenth of a percent in March after climbing by an upwardly revised 0.5 percent in February.

The core PCE price index was expected to come in unchanged compared to the 0.4 percent increase originally reported for the previous month.

The report also said the annual rate of growth by the core PCE price index slowed to 2.6 percent in March from an upwardly revised 3.0 percent in February.

Economists had expected the annual rate of growth by the core PCE price index to dip to 2.6 percent from the 2.8 percent originally reported for the previous month.

The Federal Reserve's preferred readings on consumer price inflation were included in the Commerce Department's report on personal income and spending.

The Commerce Department said personal income rose by 0.5 percent in March after climbing by a downwardly revised 0.7 percent in February.

Personal income was expected to rise by 0.4 percent compared to the 0.8 percent increase originally reported for the previous month.

Disposable personal income, or personal income less personal current taxes, also climbed by 0.5 percent in March following a 0.8 percent advance in February.

The Commerce Department also said personal spending grew by 0.7 percent in March after rising by an upwardly revised 0.5 percent in February.

Economists had expected personal spending to climb by 0.6 percent compared to the 0.4 percent increase originally reported for the previous month.

Excluding price changes, personal spending still grew by 0.7 percent in March after inching up by 0.1 percent in February.

With spending climbing by more than income, personal saving as a percentage of disposable personal income dipped to 3.9 percent in February from 4.1 percent in February.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Rate Decision Due On Tuesday (02 hr(s), 06 min(s), 47 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and ...Full Story»

U.S. Leading Economic Index Slumps More Than Expected In April (09 hr(s), 55 min(s), 47 sec(s) ago)
(RTTNews) - The Conference Board released a report on Monday showing its reading on leading U.S. e ...Full Story»

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU (11 hr(s), 03 min(s), 47 sec(s) ago)
(RTTNews) - Eurozone economic growth outlook was downgraded substantially for 2025 due to the impa ...Full Story»

Malta HICP Inflation Rises To 2.6% (11 hr(s), 38 min(s), 47 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation accelerated further in April to the highest level ...Full Story»

Eurozone Inflation Steady At 2.2% (14 hr(s), 28 min(s), 47 sec(s) ago)
(RTTNews) - Eurozone consumer prices logged a steady growth in April, final data from Eurostat sho ...Full Story»

Spain Trade Gap Widens In March (14 hr(s), 58 min(s), 47 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit increased notably in March from a year ago, as impor ...Full Story»

Slovakia HICP Inflation Eases To 3.9% (15 hr(s), 49 min(s), 47 sec(s) ago)
(RTTNews) - Slovakia's EU measure of inflation eased in April to the lowest level in four mont ...Full Story»

Austria Inflation Confirmed At 3.1% (16 hr(s), 20 min(s), 47 sec(s) ago)
(RTTNews) - Austria's consumer price inflation rose slightly as initially estimated in April, ...Full Story»