by Calculated Risk on 4/10/2025 08:36:00 AM
From the BLS:
The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 percent on a seasonally adjusted basis in
March, after rising 0.2 percent in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12
months, the all items index increased 2.4 percent before seasonal adjustment.The index for energy fell 2.4 percent in March, as a 6.3-percent decline in the index for gasoline more than offset
increases in the indexes for electricity and natural gas. The food index, in contrast, rose 0.4 percent in March as
the food at home index increased 0.5 percent and the food away from home index rose 0.4 percent over the month.The index for all items less food and energy rose 0.1 percent in March, following a 0.2-percent increase in February.
Indexes that increased over the month include personal care, medical care, education, apparel, and new vehicles. The
indexes for airline fares, motor vehicle insurance, used cars and trucks, and recreation were among the major
indexes that decreased in March.The all items index rose 2.4 percent for the 12 months ending March, after rising 2.8 percent over the 12 months
ending February. The all items less food and energy index rose 2.8 percent over the last 12 months, the smallest
12-month increase since March 2021. The energy index decreased 3.3 percent for the 12 months ending March. The food
index increased 3.0 percent over the last year.
emphasis added
The change in CPI was below expectations. I’ll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.
