Consumer Price Index
The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.3 percent in March on a seasonally adjusted basis the U.S. Bureau of Labor Statistics reported today. The March decline was the first one-month decrease in the seasonally adjusted all items index since February 2016. A decline in the gasoline index was the largest factor, with a decrease in the index for wireless telephone services also contributing.
The all items index rose 2.4 percent for the 12 months ending March, a smaller increase than the 2.7-percent rise for the period ending February. The energy index rose 10.9 percent over the last year, while the food index increased 0.5 percent.