March US Consumer Price Index Rises 0.6% Month-on-Month, Exceeding Expectations

[Asia Economy Reporter Suyeon Woo] The U.S. Department of Labor announced on the 13th that the Consumer Price Index (CPI) for March rose by 0.6% compared to the previous month.

This figure exceeded market expectations (0.5%) and marks the fifth consecutive month of increase.

Compared to the same month last year, it rose significantly by 2.6%, the highest level since August 2018.

Experts analyzed that the CPI increase was due to accelerated economic recovery thanks to the expansion of COVID-19 vaccinations and large-scale fiscal stimulus policies.