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Inflation still a major problem. March CPI bad.
[BLS.gov] 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 today. Over the last 12 months, the all items index increased 3.5 percent before seasonal adjustment.

The index for shelter rose in March, as did the index for gasoline. Combined, these two indexes contributed over half of the monthly increase in the index for all items. The energy index rose 1.1 percent over the month. The food index rose 0.1 percent in March. The food at home index was unchanged, while the food away from home index rose 0.3 percent over the month.

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. Indexes which increased in March include shelter, motor vehicle insurance, medical care, apparel, and personal care. The indexes for used cars and trucks, recreation, and new vehicles were among those that decreased over the month.

Related from the Daily Mail courtesy of Skidmark:
Inflation unexpectedly rises to 3.5% - plunging Dow Jones down 450 points and all but ruling out a summer cut to interest rates
  • The rate of annual inflation rose to 3.5 percent in March, new data shows

  • Prices were pushed up by the cost of shelter and vehicle insurance

  • The Dow Jones plummeted 500 points within minutes of the news

Posted by: lord garth 2024-04-11
http://www.rantburg.com/poparticle.php?ID=696395