U.S. CPI rose 3.3% year-on-year in March, and core CPI rose 2.6% year-on-year.

U.S. CPI rose 3.3% year-on-year in March, and core CPI rose 2.6% year-on-year.

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On Friday, the U.S. Bureau of Labor Statistics (BLS) released the following data:

U.S. March CPI year-on-year: 3.3%, expected: 3.4%, previous: 2.4%U.S. March CPI month-on-month: 0.9%, expected: 0.9%, previous: 0.3%U.S. March core CPI year-on-year: 2.6%, expected: 2.7%, previous: 2.5%U.S. March core CPI month-on-month: 0.2%, expected: 0.3%, previous: 0.2%

The increase in gasoline prices in the U.S. Consumer Price Index was the largest on record since 1967.

Market Reaction

After the release of the data, U.S. stock index futures rose collectively; Nasdaq futures were up 0.31% intraday, and S&P 500 futures rose 0.19%.

More updates coming soon...

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