- The Consumer Price Index (CPI) increased 1.2% in March after rising 0.8% in February.
- CPI increased 8.5% from a year ago, the highest reading in 40 years.
- Prices remained above 5% for the tenth straight month.
- The core CPI, which excludes food and energy, rose 0.3% in March and is up 6.5% from the previous year.
- The core CPI’s increase of 6.5% is the largest 12-month change in 40 years.
- The energy index is up 32.0% and the food index is up 8.8% from the previous year.
- The food index increase of 8.8% is the largest 12-month change since May 1981.
- The Right Facts will continue to monitor CPI.