Consumer price index in USA rose in March

The consumer price index in USA rose for second consecutive month. In March, higher fuel prices and increased costs for households in the country have fueled inflation, show the statistics. To the Ministry of Labour reported that in March, the index rose by 0.2%, ie the same step as in February.

Earlier today and Eurostat reported growth of consumer prices in the euro area and the EU. The increase in inflation is an indication that the US Federal Reserve might take action to raise interest rates further in July. Institution holds base rate at around zero by December 2008. The expectations are that the shift can be done this summer summer, but recent weaker data for the development of the US economy, including the labor market in the country, have led many analysts to bet that the first steps of the institution will be made at Earlier in September.

BNP Paribas economist Laura Rosner however points out that the Federal Reserve will be expected improvement in the labor market in the US to reduce interest rates. Therefore, its forecast is for policy change at a later stage. The separate statistics even showed that the confidence of Americans in the development of the economy is back. The consumer confidence index in April rose to 95.9 points after level of 93 points in March.