Consumer
prices in the United States dropped more than forecasts in March on lower
demand for goods and services due the outbreak of Covid-19, Labor
Department data showed on Wednesday day.

The
consumer price index (CPI) saw a 0.4 percent fall in March, following a 0.1 percent
surge in February, while analysts had predicted a 0.3 percent drop. The
year-on-year reading decelerated to 1.5 percent from a previous of 2.3 percent.
  

Core
CPI- excluding volatile food and energy prices- showed a 0.1 percent slide,
compared to February’s reading of 0.2 percent rise.

Last
month, the lower demand on some goods and services outweighed a price soars associated
with supply disruptions after the spread of the coronavirus.

Meanwhile,
there are 468,895 coronavirus infected cases, while the deaths toll reached
16,697,

The dollar index
traded slightly lower at 99.44, extending its drop after the previous session’s
loss, as the Federal Reserve rolled out a $2.3-trillion stimulus package.

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