INFLATION TICKS UP IN MARCH, CORE PRICES REMAIN HIGH

Key Points:

  • The Consumer Price Index (CPI) rose 0.4% in March, the same reading as February.
  • CPI increased 3.5% from a year ago, up from 3.2% in February, and above consensus of 3.4%.
  • The index for shelter rose 0.4% and the energy index rose 1.1% over the month.
  • The index for food at home was unchanged over the month while the index for food away from home rose 0.3%.
  • The core CPI, which excludes food and energy, rose 0.4% in March and is up 3.8% from the previous year.
  • The energy index is up 2.1%, the food index is up 2.2%, and shelter is up 5.7% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source