US CPI rebounds, but at a slower pace in March

Official data released just now in the US showed the economy exited deflation in March, but the pace of rebound was somewhat less than expected.

CPI came-in at 0.1%, compared to the expected rise of 0.2% from Feb figure of -0.2%. In annualized terms, CPI stands at 0.9%, which is well below the estimated rise of 1.1%.

Core CPI growth also slowed to 2.2% y/y from 2.3%. On monthly basis, the figure printed at 0.1%, which is the smallest rise since August. The core index was held back by declines in costs of clothing, airline fares, used cars and trucks and communications.