US annual inflation, as measured by the Consumer Price Index, dropped for the ninth consecutive month in March. Grocery prices also decreased on a monthly basis for the first time since September 2020. The Bureau of Labor Statistics reported a 5% rise in prices for the 12 months leading up to March, down from February’s 6%. This marks the lowest annual CPI rate since May 2021, with the decline partially attributable to the year-over-year comparisons to a period when food and energy prices spiked due to Russia’s invasion of Ukraine.
Read more at CNN