Consumer inflation is set to take its biggest monthly dip in three years hit by the dual pressures of cascading global oil prices and lower consumption from extensive US layoffs, FXStreet’s analyst Joseph Trevisani informs. Key quotes “The overall price index is forecast to drop 0.3% in March, the first decline since -0.1% in March 2018.” “The annual change should fall to 1.6% from 2.3% in February for the largest one month decrease since December 2014 when -0.1% followed November’s 0.8%.” “Underlying inflation is predicted to edge lower to 0.1% on the month. The annual rate will slip to 2.3% from 2.4% in the year.” “Falling prices will serve to confirm the economic ravages of the pandemic but it cannot elicit new policies or impact the dollar’s reserve and safety status.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD climbs to near 2-week tops, around 1.2480-85 supply zone FX Street 2 years Consumer inflation is set to take its biggest monthly dip in three years hit by the dual pressures of cascading global oil prices and lower consumption from extensive US layoffs, FXStreet’s analyst Joseph Trevisani informs. Key quotes “The overall price index is forecast to drop 0.3% in March, the first decline since -0.1% in March 2018.” “The annual change should fall to 1.6% from 2.3% in February for the largest one month decrease since December 2014 when -0.1% followed November’s 0.8%.” “Underlying inflation is predicted to edge lower to 0.1% on the month. The annual rate will slip to 2.3%… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
