Month-over-month the CPI fell 0.1%. Year-over-year, vs. easy comparisons, the CPI rose 2.4%. Treasury reaction: big yawn.
A decline in gasoline prices pushed the Consumer Price Index Survey into negative territory for March.
CPI Month-Over-Month Key Points
CPI Year-Over-Year Key Points
US Treasury Yields
The bond market responded with a big yawn to year-over-year inflation.