We're two for two regarding inflation control. On Tuesday, March producer prices came in well below expectations at -1.2 percent. And now March consumer prices show little sign of inflation, as prices at the retail level fell 0.1 percent, the U.S. Labor Department announced Wednesday.
Equally significant, the core rate, which excludes the often-volatile food and energy component, rose 0.2 percent. Economists surveyed by Bloomberg News had expected March consumer prices to rise 0.4 percent, and the core rate to rise 0.2 percent.