Inflation came in hotter than expected in March [Business Insider]
ZipRecruiter, Inc. Class A (ZIP)
Company Research
Source: Business Insider
March's year-over-year increase was forecasted to be a higher rate than February's rate. US inflation is hot again. A Wednesday news release from the Bureau of Labor Statistics said the Consumer Price Index increased 3.5% for the 12 months ending in March. The forecast for March's year-over-year increase in the CPI was 3.4%, a higher rate than the 3.2% increase or the 3.1% increase in February or January respectively. The rate came in above the forecast and was higher than February's year-over-year change. CPI increased 0.4% in March from the preceding month — same as the 0.4% surge in February. That's also comparable to the forecast of 0.3%. Core CPI, which excludes volatile food and energy prices, increased 3.8% year over year in March. That's above the forecast of 3.7% and same as February's 3.8%. Core CPI also rose by 0.4% again. The expected increase was 0.3%. Julia Pollak, chief economist at ZipRecruiter, told Business Insider the jobs report released on Friday wa
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