War effect on the USA inflation

The strong effects of the Ukraine-Russia war on inflation were observed in the USA in March.

In March, consumer prices in the country increased by 8.5 percent compared to the previous year. Thus, the 40-year summit was renewed.

On a monthly basis, inflation was recorded as 1.2 percent.

Economists participating in the Bloomberg survey had expected annual consumer inflation to be 8.4 percent. On a monthly basis, the expectation was 1.2 percent.

Excluding the core indicators of food and energy, consumer prices fell slightly below expectations at 6.5 percent annually in March. On a monthly basis, core inflation was recorded as 0.3 percent.

In February, annual consumer inflation in the USA was 7.9 percent. Monthly inflation was recorded as 0.8 percent.

Warning of high inflation
The White House administration also drew attention to the effects of the war on inflation.

White House Spokesperson Jen Psaki stated that February inflation did not reflect the sharp jump in oil prices due to Russia's invasion of Ukraine.

"We expect March inflation to be extraordinarily high due to Putin's price increases. We expect a large difference between core and headline inflation due to the global distress in energy and food prices and abnormal price increases," Psaki said. used the phrase.