INFLATION COOLED MORE THAN EXPECTED TO 2.4% IN MARCH

Key Points:

  • The Consumer Price Index (CPI) fell 0.1% in March, after rising 0.2% in February.
  • CPI increased 2.4% from a year ago, down from 2.8% in February.
  • The index for shelter rose 0.2%, the index for food rose 0.4%, and the energy index fell 2.4% over the month.
  • The index for food at home rose 0.5% over the month while the index for food away from home rose 0.4%.
  • The core CPI, which excludes food and energy, rose 0.1% in February and is up 2.8% from the previous year.
  • That was the smallest increase in the core measurement since March 2021.
  • The energy index is down 3.3%, the food index is up 3.0%, and shelter is up 4.0% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source