April 2024
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in March on a seasonally adjusted basis, the same increase as in February, the U.S. Bureau of Labor Statistics reported. The index for shelter rose in March, as did the index for gasoline. Combined, these two indices contributed over half of the monthly increase in the index for all items. The energy index rose 1.1 percent. The food index rose 0.1 percent. The food at home index was unchanged, while the food away from home index rose 0.3 percent. The index for all items less food and energy rose 0.4 percent in March, as it did in each of the 2 preceding months. Indices which increased in March include shelter, motor vehicle insurance, medical care, apparel, and personal care. The indices for used cars and trucks, recreation, and new vehicles were among those that decreased.
The all items index rose 3.5 percent for the 12 months ending March, a larger increase than the 3.2-percent increase for the 12 months ending February. The all items less food and energy index rose 3.8 percent. The energy index increased 2.1 percent, the first 12-month increase in that index since the period ending February 2023. The food index increased 2.2 percent over the last year.
Bureau of Labor Statistics Consumer Price Index
