CONSUMER PRICES SURGE BY 0.6% IN MARCH, MOST SINCE AUGUST 2012

Key Points:

  • The consumer price index rose 0.6% in March from February, accelerating costs from last month’s 0.4% increase.
  • This is the highest monthly increase since August 2012.
  • Prices jumped 2.6% year over year, up from a 1.7% annual increase in February.
  • Gasoline prices rose 9.1% in March, accounting for nearly half of the index’s gains.
  • Core prices, which exclude food and energy, increased 0.3% month over month and 1.5% from a year ago.
  • The Right Facts will continue to monitor the consumer price index.
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