OOPS! US Consumer prices climbed more than forecast in March. #Inflation increased 0.6% MoM vs 0.5% expected after a 0.4% gain in Feb. CPI surged 2.6% YoY after pandemic & related shutdowns curbed activity in the same periods in 2020, a distortion known as base effect. (via BBG) h/t Holger Zschaepitz
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