The Commerce Department on Friday released its report on U.S. personal income and spending in the month of March, which includes readings on consumer price inflation that are said to be preferred by the Federal Reserve.
The report said the annual rate of consumer price growth slowed to 4.2 percent in March from a revised 5.1 percent in February.
Economists had expected the rate of growth to slow to 4.6 percent from the 5.0 percent originally reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.