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Posted by: thepinetree on 04/10/2024 09:24 AM
Updated by: thepinetree on 04/10/2024 09:24 AM
Expires: 01/01/2029 12:00 AM
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Inflation Stubbornly Remains High. Shelter & Energy Costs Prime Pain Points
Washington, DC...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.
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 over the last 12 months. The energy index increased 2.1 percent for the 12 months ending
March, 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.
Table A. Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city average
|
Seasonally adjusted changes from preceding month |
Un-
adjusted
12-mos.
ended
Mar. 2024 |
Sep.
2023 |
Oct.
2023 |
Nov.
2023 |
Dec.
2023 |
Jan.
2024 |
Feb.
2024 |
Mar.
2024 |
| All items |
0.4 |
0.1 |
0.2 |
0.2 |
0.3 |
0.4 |
0.4 |
3.5 |
| Food |
0.2 |
0.3 |
0.2 |
0.2 |
0.4 |
0.0 |
0.1 |
2.2 |
| Food at home |
0.1 |
0.3 |
0.0 |
0.1 |
0.4 |
0.0 |
0.0 |
1.2 |
| Food away from home(1) |
0.4 |
0.4 |
0.4 |
0.3 |
0.5 |
0.1 |
0.3 |
4.2 |
| Energy |
1.2 |
-2.1 |
-1.6 |
-0.2 |
-0.9 |
2.3 |
1.1 |
2.1 |
| Energy commodities |
1.8 |
-4.3 |
-3.8 |
-0.7 |
-3.2 |
3.6 |
1.5 |
0.9 |
| Gasoline (all types) |
1.6 |
-4.3 |
-4.0 |
-0.6 |
-3.3 |
3.8 |
1.7 |
1.3 |
| Fuel oil |
6.4 |
-6.4 |
-1.1 |
-3.3 |
-4.5 |
1.1 |
-1.3 |
-3.7 |
| Energy services |
0.3 |
0.4 |
1.0 |
0.3 |
1.4 |
0.8 |
0.7 |
3.1 |
| Electricity |
0.8 |
0.4 |
1.0 |
0.6 |
1.2 |
0.3 |
0.9 |
5.0 |
| Utility (piped) gas service |
-1.4 |
0.3 |
1.2 |
-0.6 |
2.0 |
2.3 |
0.0 |
-3.2 |
| All items less food and energy |
0.3 |
0.2 |
0.3 |
0.3 |
0.4 |
0.4 |
0.4 |
3.8 |
| Commodities less food and energy commodities |
-0.2 |
0.0 |
-0.2 |
-0.1 |
-0.3 |
0.1 |
-0.2 |
-0.7 |
| New vehicles |
0.2 |
-0.1 |
0.0 |
0.2 |
0.0 |
-0.1 |
-0.2 |
-0.1 |
| Used cars and trucks |
-1.8 |
-0.4 |
1.4 |
0.6 |
-3.4 |
0.5 |
-1.1 |
-2.2 |
| Apparel |
-0.3 |
0.0 |
-0.6 |
0.0 |
-0.7 |
0.6 |
0.7 |
0.4 |
| Medical care commodities(1) |
-0.3 |
0.4 |
0.5 |
-0.1 |
-0.6 |
0.1 |
0.2 |
2.5 |
| Services less energy services |
0.5 |
0.3 |
0.5 |
0.4 |
0.7 |
0.5 |
0.5 |
5.4 |
| Shelter |
0.6 |
0.3 |
0.4 |
0.4 |
0.6 |
0.4 |
0.4 |
5.7 |
| Transportation services |
0.7 |
0.9 |
1.0 |
0.1 |
1.0 |
1.4 |
1.5 |
10.7 |
| Medical care services |
0.2 |
0.2 |
0.5 |
0.5 |
0.7 |
-0.1 |
0.6 |
2.1 |
Footnotes
(1) Not seasonally adjusted. |
Food
The food index increased 0.1 percent in March, while the food at home index was unchanged. Both indexes
were unchanged in February. Three of the six major grocery store food group indexes decreased over the
month while the remaining three had price advances. The index for other food at home decreased 0.5
percent in March, led by a 5.0-percent decline in the index for butter. The cereals and bakery products
index decreased 0.9 percent over the month, the largest 1-month seasonally adjusted decrease ever
reported in that series, which dates to 1989. The index for dairy and related products declined 0.1
percent in March.
The index for meats, poultry, fish, and eggs rose 0.9 percent in March, as the index for eggs rose 4.6
percent over the month. The nonalcoholic beverages index also increased in March, rising 0.3 percent.
The index for fruits and vegetables increased 0.1 percent over the month.
The food away from home index rose 0.3 percent in March, after rising 0.1 percent in February. The
index for limited service meals rose 0.3 percent, and the index for full service meals increased 0.2
percent over the month.
The food at home index rose 1.2 percent over the last 12 months. The index for other food at home rose
1.4 percent over the 12 months ending in March, and the index for fruits and vegetables increased 2.0
percent over the year. The nonalcoholic beverages index increased 2.4 percent over that period. The
index for meats, poultry, fish, and eggs rose 1.3 percent over the 12 months ending in March, and the
index for cereals and bakery products increased 0.2 percent. In comparison, the dairy and related
products index fell 1.9 percent over the year.
The index for food away from home rose 4.2 percent over the last year. The index for limited service
meals rose 5.0 percent over the last 12 months, and the index for full service meals rose 3.2 percent
over the same period.
Energy
The energy index rose 1.1 percent in March, after increasing 2.3 percent in February. The gasoline
index increased 1.7 percent in March. (Before seasonal adjustment, gasoline prices rose 6.4 percent in
March.) The index for electricity rose 0.9 percent in March, while the index for natural gas was
unchanged over the month. The fuel oil index decreased 1.3 percent in March.
The energy index increased 2.1 percent over the past 12 months. The gasoline index rose 1.3 percent,
and the electricity index increased 5.0 percent over this 12-month span. In comparison, the index for
natural gas decreased 3.2 percent over the last 12 months and the index for fuel oil fell 3.7 percent.
All items less food and energy
The index for all items less food and energy rose 0.4 percent in March, as it did the previous 2 months.
The shelter index increased 0.4 percent in March and was the largest factor in the monthly increase in
the index for all items less food and energy. The index for rent rose 0.4 percent over the month, as
did the index for owners' equivalent rent. The lodging away from home index increased 0.1 percent in
March, as it did in February.
The motor vehicle insurance index rose 2.6 percent in March, following a 0.9-percent increase in
February. The index for apparel increased 0.7 percent over the month. Among other indexes that rose in
March were personal care, education, and household furnishings and operations.
The medical care index rose 0.5 percent in March after being unchanged in February. The index for
hospital services rose 1.0 percent over the month and the index for physicians' services increased 0.1
percent. The prescription drugs index rose 0.3 percent in March.
The index for used cars and trucks fell 1.1 percent in March, following a 0.5-percent increase in
February. Over the month, the recreation index fell 0.1 percent over the month, the new vehicles index
decreased 0.2 percent, and the airline fares index declined 0.4 percent.
The index for all items less food and energy rose 3.8 percent over the past 12 months. The shelter
index increased 5.7 percent over the last year, accounting for over sixty percent of the total 12-month
increase in the all items less food and energy index. Other indexes with notable increases over the
last year include motor vehicle insurance (+22.2 percent), medical care (+2.2 percent), recreation
(+1.8 percent), and personal care (+4.2 percent).
Not seasonally adjusted CPI measures
The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.5 percent over the last 12 months
to an index level of 312.332 (1982-84=100). For the month, the index increased 0.6 percent prior to
seasonal adjustment.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 3.5 percent over
the last 12 months to an index level of 306.502 (1982-84=100). For the month, the index increased 0.7
percent prior to seasonal adjustment.
The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 3.4 percent over the last
12 months. For the month, the index increased 0.7 percent on a not seasonally adjusted basis. Please
note that the indexes for the past 10 to 12 months are subject to revision.
_______________
The Consumer Price Index for April 2024 is scheduled to be released on Wednesday, May 15, 2024, at 8:30 a.m. (ET).
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No Subject
Posted on: 2024-04-10 09:40:50
By: Anonymous
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Yup! Bidenomics is working. Hahahahahahaha Hohohohohoho Hehehehehehe
[Reply
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No Subject
Posted on: 2024-04-10 09:41:52
By: Anonymous
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See Ya Joe!
[Reply
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No Subject
Posted on: 2024-04-10 09:42:51
By: Anonymous
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Just wait until the BIG orange one gets back in - there will be a lot worse happening to people than inflation - you can be sure his plans for "the woodshed" are being made. .
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Re:
Posted on: 2024-04-10 09:53:57
By: Anonymous
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You have already weaponized the entire legal system as a left wing hit squad!!! What else do you want? Imprison you neighbor because he flies a flag on the 4th?
[Reply
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Re:
Posted on: 2024-04-10 12:55:50
By: Anonymous
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The cops are all libs now? Can you hear yourself ?!
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Re:
Posted on: 2024-04-10 21:51:16
By: Anonymous
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Not the street cops. You know that saying is just a false response. FBI, DOJ, big city DAs etc. NY AG actually ran on "getting Trump". Under her lady justice isn't blindfolded and there are bags of cement on her scales.
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No Subject
Posted on: 2024-04-10 09:43:20
By: Anonymous
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That Orange Turd looking better everyday.
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No Subject
Posted on: 2024-04-10 09:45:56
By: Anonymous
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Of course it's high, we have the most corrupt president in the WH in our History, coupled with that, the biggest idiot.....Oh that was mean, it's not his fault that he has Dementia, so the blame goes to the most ignorant and stupid voters who were so easily fooled by a basement dwelling, feeble, weak, career politician who's been an Ash-Hole his entire life. The voters so ignorant they never looked at his disastrous career and his horrible voting record while a senator. It's truly remarkable how so many imbeciles voted for such a loser as president, that's why everything went downhill since his first day in office.
[Reply
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Re: Plugs to the rescue!
Posted on: 2024-04-10 14:44:39
By: Anonymous
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Well stated!!! Bumbling Brandon has a history of insanity and it is truly alarming that anyone would vote for him the first time.
[Reply
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Re: Plugs to the rescue!
Posted on: 2024-04-10 14:44:39
By: Anonymous
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Well stated!!! Bumbling Brandon has a history of insanity and it is truly alarming that anyone would vote for him the first time.
[Reply
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Price Gouging!!!
Posted on: 2024-04-10 09:47:17
By: Anonymous
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Oil company gas price gouging is not helping either - everyone is happy to get on the price gouging bandwagon!
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Re: Price Gouging!!!
Posted on: 2024-04-10 09:54:08
By: Anonymous
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CA's policies for oil companies has so many regulations for them to operate in our state is one of the biggest reasons why the prices are this high. It's not price gouging when the cost to them is 30% higher here then another state
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Re: Price Gouging!!!
Posted on: 2024-04-10 09:54:34
By: Anonymous
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Drill Baby Drill
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Re: Price Gouging!!!
Posted on: 2024-04-10 09:55:29
By: Anonymous
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You have to charge more when the Govt is trying to put you out of business. Biden "We will end big oil"
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Biden's foreign policy is a joke just like him.
Posted on: 2024-04-10 09:50:27
By: Anonymous
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Just how impotent is President Biden’s foreign policy on Iran?
First lady Jill Biden in 2023 presented Iranian singer Shervin Hajipour a Grammy Award in absentia for his song “Baraye,” a protest anthem inspired by Mahsa Amini, the young woman killed by Tehran’s religious police.
Now Iran’s rulers are reportedly having Hajipour write an anti-USA song.
It’s a massive soft-power slap in the face by Tehran.
But that they chose this artist, who took his award from the first lady’s hands, to create their propaganda sends a clear signal to the president.
We laugh at you and your pathetic efforts against us.
The sad fact is, they have every right to guffaw.
Since taking office, the president has done everything he could to conciliate with the world’s leading state sponsor of terror.
He humiliated himself, his government and his nation in efforts to entice Tehran back into President Barack Obama’s disastrous 2016 nuclear deal — agreeing to send it billions in cash ransoms for American hostages, relaxing sanctions to let it collect (at least) tens of billions more.
As Iran scaled up its attacks via proxy armies on US assets around the region, Biden hit limply back with meaningless attacks on ammo dumps and the like.
Not even the Iran-blessed atrocities of Oct. 7 could change his mind: After Iranian proxies killed three American soldiers in Jordan, he responded with a mild show of force.
Then? Nothing.
Now (to take just one example) a British-owned commercial ship attacked by Iran’s Yemen force, the Houthis, and abandoned since mid-February sank this weekend in the Red Sea.
That vicious attack on our closest European ally should have been a massive red line for the White House.
It wasn’t and isn’t, of course.
BYE JOE, THANKS FOR SHOWING THE ENTIRE WORLD HOW THE LIBERAL LEFT IN OUR COUNTRY ARE THE DUMBEST, MOST IGNORANT PEOPLE ON THE PLANET.
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Re: Biden's foreign policy is a joke just like him.
Posted on: 2024-04-10 09:56:34
By: Anonymous
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Biden is DONE
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Biden is done.
Posted on: 2024-04-10 10:07:50
By: Anonymous
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And the dotards never point a finger at the 1%, because Trump tells them it's the Democrats fault.
Record profits by all of the oil producers and yet they raise the price of gas for refinery maintenance.
Inflation is caused by corporate greed, not Joe Biden.
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Re: Biden is done.
Posted on: 2024-04-10 10:35:26
By: Anonymous
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It's never Joe's fault! Hahahahahahahahahahahaha
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Re: Biden is done.
Posted on: 2024-04-10 10:38:47
By: Anonymous
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Another 7 trillion in debt by Biden?
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Saudis, Russia Cut Crude Exports DUH
Posted on: 2024-04-10 11:04:46
By: Anonymous
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One of the reasons for higher gas diesel prices is a tighter world oil market .
If you look at crude oil prices, you see why oil products are higher duh.
If you live in a bubble, (it's all Biden's fault Fox ) and you're in the Calabama bubble , you are a blinders only here mindset.
With higher oil prices comes inflation.
The attack on Biden before the election with higher inflation because of higher oil product prices is historic.
The Saudis, Russians want lil don the con, so they are using all they can including withholding crude from the market to raise consumer prices.
Clueless Calabama.
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Re: Saudis, Russia Cut Crude Exports DUH
Posted on: 2024-04-10 11:43:01
By: Anonymous
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Are you related to Whoopi Goldberg?
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No Subject
Posted on: 2024-04-10 11:45:38
By: Anonymous
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Let me find my note card.
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Re: Plugs to the rescue!
Posted on: 2024-04-10 12:58:42
By: Anonymous
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Well stated!!! Bumbling Brandon has a history of insanity and it is truly alarming that anyone would vote for him the first time.
[Reply
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