Preview: What to Look for in the March US Consumer Price Index

In March, we should be seeing more of the bounce back in prices that fell sharply during the pandemic. For example, airfares were 25.6 percent below their year-ago level in February, and in fact were reported as falling 5.1 percent that month. Hotel prices were down 17.2 percent from year-ago levels and fell 2.7 percent in February. Clothes were 3.6 percent below their year-ago level, and auto insurance prices were 2.8 percent lower. The success of the vaccination program resulted in more people going out to restaurants and traveling in March, a trend that is picking up speed this month. As a result, these price … (full story)

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