Bloomberg forecasts US inflation to show some relief in March

According to Bloomberg, US inflation might have stepped down in March, partially due to decreased energy costs. 

Economists polled by the news agency forecast the consumer price index to grow 0.1% from February, its smallest monthly increase in eight months. The core inflation is seen rising 0.3% on a monthly basis in March. 

Meanwhile, weaker demand for hotels and plane tickets could result in a year-on-year decline in the consumer price index for services last month, Pantheon Macroeconomics reports.

As some of Donald Trump’s tariffs have been in place since February, the March inflation report could reflect their impact on the prices of Chinese goods, Bloomberg says. 

However, UBS Group AG economists believe it might take more time for the initial round of Trump’s tariffs to affect consumer prices. The company expects goods prices excluding food, transportation, and energy to grow over the next six months.