- Inflation rises in March in line with expectations, with no signs of slowing down.
- Core CPI moderates the advance in March.
- The dollar trims gains after the data.
The Consumer’s price index (IPC) rose 1.2% in March, in line with expectations and more than the 0.8% advance registered in February. The monthly increase was the highest since September 2005. The annual rate went from 7.9% to 8.5%, the highest level since December 1981.
The Core CPI had an increase in March of 0.3%, below the 0.5% of the market consensus and less than the 0.5% of February. Compared to twelve months ago, this index rose 6.5%, less than the 6.6% expected and slightly higher than the 6.4% of February.
The dollar fell across the market after the inflation figures were released. USD/JPY fell to 125.20 and EUR/USD trimmed losses by rising above 1.0860.
Source: Fx Street
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