India, April 10 -- The Labor Department released a report on Thursday unexpectedly showing a slight decrease by U.S. consumer prices in the month of March.
The report said the consumer price index edged down by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected consumer prices to inch up by 0.1 percent.
The Labor Department also said the annual rate of consumer price growth slowed to 2.4 in March from 2.8 percent in February. Economists had expected the pace of price growth to slow to 2.6 percent.
"The March CPI was stale data even before it was released given the large tariff changes in motion and the inflationary impact it will have in the coming months," said Nationwide Chief Economist Kathy Bostjanc...