info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

Inflation Comes Down to Lowest Points in 2023

By Shubhendra Anand , 11 May, 2023

With the prices reaching 5 percent over the years, the inflation in the United States cooled down to its lowest point in almost around two years in March 2023. In comparison to February 2023 the pries rose by 0.1 percent. It is less than the month-on-month increase recorded in the months of January and February.

According to the reports, the food prices remained unchanged overall from February and the home food fell by 0.3 percent. Also, the energy prices decreased by 3.5 percent in these months and 6.4 percent over the years. The offset can be seen by the rising prices for housing by 0.6 percent since February 2023. It is more than 8 percent of what it was in 2022 around the same time being.

As the information says, due to the rise in housing cost the consumer price index excluding the food and energy is now higher than all other items. As we know, food and energy are considered more volatile items in the CPI. These are cooling faster, and they have rose fastest when inflation took off at in the 2021 ending. As per the reports, at least another one rate hike expected to happen in April-May 2023.  In the words of central bank leader, “it is difficult to get down inflation to 2 percent”.

Year- Over- Year Percentage Change In The Consumer Price Index

.jpg

Latest News

Russia.png
SpaceX Launches Reusable Rockets to Boost Sustainability

Sustainability is a new phenomenon in the energy market as the clean energy transition grows significantly. Different energy market sectors are adopting several ways for effective transformation in 2024. Hence, space technology does not fail to…

Read More

sector.png
Rate of Oil and Gas Drilling Activities Drops in the United States

The United States went through a decline in oil and gas drilling activities in 2024. Since the beginning of the year, the United States has faced many challenges in keeping up with the oil drilling process. Recently, the surveys showed that the total…

Read More

centers.png
U.S Electricity Demand to Get Double with AI and EV by 2030

Electrification in the energy sector will ramp up in the United States in 2024. The nation aims to set up data centers and increase the production of electric vehicles, citing the green energy transition. Both activities demand a high electricity…

Read More

market.png
Renewable Energy Production Slows down due to Lack of Transformers

Renewables are in high demand in the energy market in 2024. It is due to a clean energy transition that requires a constant flow of renewables in the energy market. The green transformation to combat climate change brings about several environmental…

Read More

period.png
Packaging Manufacturer Collabs with Solar Projects to Enhance Cleantech in 2024

Companies are making significant moves towards the clean energy transition in various ways. In order to reduce carbon emissions, certain companies are investing in several rescue methods in 2024. Renewables production is growing over time as the…

Read More

Author Pic
Shubhendra Anand

Head Research