INFLATION EASED IN MARCH, CORE PRICES REMAIN ELEVATED

Key Points:

  • The Consumer Price Index (CPI) rose 0.1% in March after rising 0.4% in February.
  • CPI increased 5.0% from a year ago, down from 6.0% in February, and the lowest reading since May 2021.
  • The rate of price increases remained above 5% for the twenty-second straight month.
  • The index for energy decreased 3.5% over the month, food was unchanged, and shelter increased by 0.6% over the month.
  • The core CPI, which excludes food and energy, rose 0.4% in March and is up 5.6% from the previous year.
  • The energy index is down 6.4% and the food index is up 8.5% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source