Overview

• The Consumer Price Index showed a 2.4% annual inflation rate in March 2025, the lowest level in several years, according to the Bureau of Labor Statistics.
• Core inflation, which excludes volatile food and energy prices, increased by only 0.1% from February to March, the smallest monthly rise in nine months.
• Energy prices declined significantly, with the energy index down 3.3% over the past year, including a 9.8% drop in gasoline prices and a 7.6% decrease in fuel oil prices.
• Prescription drug prices recorded their largest monthly decline on record, contributing to the overall reduction in inflation.
• White House officials credited policy measures under President Trump for lowering everyday costs, while analysts noted that current tariffs are expected to have minimal impact on inflation in the near term.