U.S. CPI falls to 5.0% in March

By Scott Kanowsky

Investing.com -- U.S. headline inflation slowed by more than expected in March, according to data from the Bureau of Labor Statistics on Wednesday.

On an annual basis, the consumer price index for the month dipped to 5.0% from 6.0% in February. Economists had projected that the reading would fall to 5.2%.

The figure inched down to 0.1% from 0.4% month-on-month, below estimates for growth of 0.2%.

Meanwhile, the core number, which strips out volatile items like food and energy, edged up slightly to 5.6% from 5.5% yearly. The monthly rate, meanwhile, slipped to 0.4% from 0.5%. Both measures were in line with expectations.

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