Consumer Prices Rise in March

The Consumer Price Index rose 0.4 percent in March on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed marginal increases in January and February. Over the last 12 months, the all-items index rose 1.9 percent, larger than both January and February.

Prices for all items less food, energy, and trade services  the “core CPI,” was unchanged in March. The index rose 2.0 percent for the 12 months ending in March, unchanged from last month.

The food index increased 0.3 percent in March. Prices for food at home increased 0.4 percent while food away from home grew 0.2 percent. Over the past 12 months, food prices are up 2.1 percent.

The energy index rose 3.5 percent, the second month of a decline. Gasoline prices rose 6.5 percent. The energy index fell 0.4 percent in the last twelve months.

Read the BLS release.

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About Author

Hugo Dante

Hugo Dante is a research associate in the Economic Policy and Research group at the ABA.