Chart of the Week28 Mar 2024
US inflation marches on

After two strong readings in January and February, there will be even more focus on US inflation prints in March.

Viewed through our PriceStats data it looks to have been another firm month.

With just a few days remaining in the month, inflation looks to have risen close to 0.5% (nsa); the second consecutive above seasonal rise for the PriceStats series for the first time in six months. It is perhaps no coincidence that this was also the last time energy prices were rising sharply.

You can hear more from Alberto Cavallo on the detail behind these trends on this week’s Street Signals podcast.

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