According to the Labor Department’s most recent report, CPI in March was 2.4% higher than one year prior and 0.1% lower than in February. Inflation ... rate is currently between 4.25% and 4.50% ...

The last time inflation expectations ran that high was in 1981, toward the end of a historic period of high prices, ...

The first monthly decline in prices in nearly five years also suggested softening demand amid recession fears and led markets ...

Instead, Thursday’s Consumer Price Index report was likely another example of a ‘what might have been’ for the US ... lowest rate in nearly four years. “The decline in core inflation ...