According to experts, the US economy was strongly hit by the coronavirus pandemic as the inflation rate in the country slowed down drastically. In March 2020, consumer prices (CPI) in the US were up by 1.5% as compared to the same period last year. The US Labour Department reported that prices rose by 2.3% in February this year. As a result, the inflation rate dropped to the lowest level since February 2019.In March, the consumer price index dipped by 0.4% on a monthly basis after edging up by 0.1% in January and February 2020. Analysts expected a rise of 1.6% year-on-year and a decline of 0.3% on a monthly basis. In addition, food prices rose by 1.9% in March. At the same time, the Core CPI, which measures the changes in the price of goods and services, excluding food and energy, was lower by 0.1%. According to experts, this was the first biggest drop of the CPI since 2010. In March 2020, the average hourly earnings in the US rose by 0.8% adjusted for inflation.