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Consumer prices decreased 0.1% in March compared to the
previous month, a reversal from the 0.2% increase recorded in February,
according to data from the Bureau of Labor Statistics released Thursday.
This marks the first monthly price decline since May 2020,
CNN reported, and a possible sign of things to come under President Donald
Trump's leadership.
Additionally, the bureau noted that its headline price index
rose 2.4% in the 12 months ending in March, a decrease from the 2.8% increase
seen in the 12 months ending in February.
“Wall Street expected headline inflation of 2.6% and core
inflation of 3%, according to the Dow Jones consensus,” CNBC reported.