{"id":174900,"date":"2023-04-12T08:49:17","date_gmt":"2023-04-12T15:49:17","guid":{"rendered":"https:\/\/inbusinessphx.com\/?p=174900"},"modified":"2023-04-12T08:49:17","modified_gmt":"2023-04-12T15:49:17","slug":"u-s-consumer-prices-rose-5-in-the-year-through-march-a-sign-inflation-is-cooling","status":"publish","type":"post","link":"https:\/\/staging.inbusinessphx.com\/?p=174900","title":{"rendered":"U.S. Consumer Prices Rose 5% in the Year through March, a Sign Inflation Is Cooling"},"content":{"rendered":"
\"\"<\/a>\nThe Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in March on a seasonally\nadjusted basis, after increasing 0.4 percent in February, the U.S. Bureau of Labor Statistics reported\ntoday. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment.\n\nThe index for shelter was by far the largest contributor to the monthly all items increase. This more\nthan offset a decline in the energy index, which decreased 3.5 percent over the month as all major\nenergy component indexes declined. The food index was unchanged in March with the food at home index\nfalling 0.3 percent.\n\nThe index for all items less food and energy rose 0.4 percent in March, after rising 0.5 percent in\nFebruary. Indexes which increased in March include shelter, motor vehicle insurance, airline fares,\nhousehold furnishings and operations, and new vehicles. The index for medical care and the index for\nused cars and trucks were among those that decreased over the month.\n\nThe all items index increased 5.0 percent for the 12 months ending March; this was the smallest 12-month\nincrease since the period ending May 2021. The all items less food and energy index rose 5.6 percent\nover the last 12 months. The energy index decreased 6.4 percent for the 12 months ending March, and the\nfood index increased 8.5 percent over the last year. \n\n<\/span>Food<\/strong>\n\nThe food index was unchanged in March. The food at home index fell 0.3 percent over the month, the first\ndecline in that index since September 2020. Three of the six major grocery store food group indexes\ndecreased over the month. The index for meats, poultry, fish, and eggs decreased 1.4 percent in March as\nthe index for eggs fell 10.9 percent. The fruits and vegetables index declined 1.3 percent over the\nmonth, and the dairy and related products index decreased 0.1 percent.\n\nIn contrast, the index for other food at home rose 0.4 percent in March, following a 0.3-percent\nincrease the previous month. The cereals and bakery products index increased 0.6 percent over the month,\nand the nonalcoholic beverages index rose 0.2 percent. \n\nThe food away from home index rose 0.6 percent in March, as it did in the previous 2 months. The index\nfor full service meals increased 0.7 percent over the month and the index for limited service meals\nincreased 0.5 percent. \n\nThe food at home index rose 8.4 percent over the last 12 months. The index for cereals and bakery\nproducts rose 13.6 percent over the 12 months ending in March. The remaining major grocery store food\ngroups posted increases ranging from 2.5 percent (fruits and vegetables) to 11.3 percent (nonalcoholic\nbeverages).\n\nThe index for food away from home rose 8.8 percent over the last year. The index for full service meals\nrose 8.0 percent over the last 12 months, and the index for limited service meals rose 7.9 percent over\nthe same period. \n\nEnergy<\/strong>\n\nThe energy index fell 3.5 percent in March after decreasing 0.6 percent in February. The gasoline index\ndecreased 4.6 percent in March, following a 1.0-percent increase in the previous month. (Before seasonal\nadjustment, gasoline prices rose 1.0 percent in March.) The natural gas index decreased 7.1 percent over\nthe month, following an 8.0-percent decline in February. The index for electricity decreased 0.7 percent\nin March, the largest decline in that index since January 2021.\n\nThe energy index fell 6.4 percent over the past 12 months. The gasoline index decreased 17.4 percent\nover the last 12 months, while the fuel oil index fell 14.2 percent over the span. In contrast, the\nindex for electricity rose 10.2 percent over the last year, and the index for natural gas increased 5.5\npercent over the same period. \n\nAll items less food and energy<\/strong>\n\nThe index for all items less food and energy rose 0.4 percent in March after rising 0.5 percent in\nFebruary. The shelter index increased 0.6 percent over the month after rising 0.8 percent in February.\nThe index for rent and the index for owners' equivalent rent both rose 0.5 percent in March following\nlarger increases in the previous month. The index for lodging away from home increased 2.7 percent in\nMarch. \n\nThe shelter index was the dominant factor in the monthly increase in the index for all items less food\nand energy. Among the other indexes that rose in March was the index for motor vehicle insurance, which\nincreased 1.2 percent, and the index for airline fares which increased 4.0 percent. The indexes for\nhousehold furnishings and operations, new vehicles, education, and apparel also increased in March. In\ncontrast, the index for used cars and trucks fell 0.9 percent in March, continuing a recent downward\ntrend. \n\nThe medical care index fell 0.3 percent in March, after falling 0.5 percent in February. The index for\nhospital services fell 0.4 percent over the month, after being unchanged in February. The index for\nphysicians' services continued to decline, falling 0.2 percent after declining 0.5 percent in February.\nThe prescription drugs index increased 0.1 percent in March. \n\nThe index for all items less food and energy rose 5.6 percent over the past 12 months. The shelter index\nincreased 8.2 percent over the last year, accounting for over 60 percent of the total increase in all\nitems less food and energy. Other indexes with notable increases over the last year include motor\nvehicle insurance (+15.0 percent), household furnishings and operations (+5.6 percent), recreation (+4.8\npercent), and new vehicles (+6.1 percent). \n\nNot seasonally adjusted CPI measures<\/strong>\n\nThe Consumer Price Index for All Urban Consumers (CPI-U) increased 5.0 percent over the last 12 months\nto an index level of 301.836 (1982-84=100). For the month, the index increased 0.3 percent prior to\nseasonal adjustment.  \n\nThe Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 4.5 percent over\nthe last 12 months to an index level of 296.021 (1982-84=100). For the month, the index increased 0.3\npercent prior to seasonal adjustment.  \n\nThe Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 5.1 percent over the last\n12 months. For the month, the index increased 0.3 percent on a not seasonally adjusted basis. Please\nnote that the indexes for the past 10 to 12 months are subject to revision. <\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in March on a seasonally adjusted basis, after increasing 0.4 percent in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment. The index for shelter was by far […]<\/p>\n","protected":false},"author":2,"featured_media":174406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[6],"tags":[3],"class_list":["post-174900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-trends","tag-top-stories"],"_links":{"self":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/174900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=174900"}],"version-history":[{"count":0,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/174900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=174900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=174900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=174900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}