Inflation in the United States rose slightly during March, but this is unlikely to change financial market expectations that the Federal Reserve will postpone cutting interest rates until September.
The US Department of Commerce's Bureau of Economic Analysis reported on Friday that the personal consumer spending index rose 0.3% last month. There was no change to the February data to show that the index rose by 0.3%, as previously reported.
On an annual basis, inflation rose 2.7% through March after rising 2.5% through February.
Economists polled by Reuters had expected the personal consumer spending index to rise by 0.3% on a monthly basis and 2.6% on an annual basis.
The index is one of the inflation measures monitored by the US Federal Reserve to reach its goal of reducing inflation to 2%.
Fed officials are expected to keep interest rates unchanged next week.
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