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Thursday, April 14, 2016

CPI up 0.1% in March

The Consumer Price Index increased 0.1% in March, as the indexes for energy and all food items less food and energy rose during the month. Over the last 12 months, the index for all items increased 0.9% before seasonal adjustment.


The energy index rose 0.9% in March after three consecutive monthly declines. The gasoline index increased 2.2% after a 13.0% drop in February. Fuel oil also increased for the first time since May 2015, rising by 1.7%. Over the past 12 months, the energy index fell 12.6%.

Prices for all items less food and energy increased 0.1% in March, compared to a 0.3% rise in February. Most indices rose slightly, including shelter, medical care, commodities, and apparel. The index for used cars and trucks fell 1.1%. Over the past year, the index for all items less food and energy increased 2.2%.

The food index fell 0.2% in March. The food-at-home index fell 0.5%, the largest decline since April 2009, as five of the six major grocery store food indices fell. The food-away-from-home index increased by 0.2%. Over the past 12 months, the food index increased 0.8%.

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