Trump Effect: 80 Consumer Prices Fell in March

Consumer prices rose in March, pushed higher by a sharp increase in gasoline prices. But beneath the headline increase, many prices across the economy moved the other way.

The latest Consumer Price Index showed 80 types of consumer goods posting month-to-month declines in March, including groceries, household goods, apparel, medical goods, electronics, communications services, and personal services.

The breadth of those declines has expanded in recent months. Roughly 35 percent of detailed consumer price categories fell in January, 37 percent fell in February, and nearly 40 percent fell in March. This suggests that inflation is not heating up…

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