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US Annual Inflation Falls to 5% in March 2023, Lower Than Expected

The inflation rate slowed for a ninth straight month as gasoline and grocery prices recorded a big drop.

US Annual Inflation Falls to 5% in March 2023, Lower Than Expected

Annual inflation in the US fell from 6% to 5% in March 2023, lower than expected. The inflation rate slowed for a ninth straight month as gasoline and grocery prices recorded a big drop. IMF Predicts Modest Global Growth, Slowly Receding Inflation.

US Annual Inflation Falls to 5%:

Lower Than Expected:

(The above story first appeared on LatestLY on Apr 12, 2023 06:22 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).