#cpi #bls #inflation
Consumer Price Index (CPI) data for March 2026 was released this morning. Inflation in March saw the largest monthly gain since 2022 as the US-Israel war sent gas prices skyrocketing past $4 a gallon.
Headline inflation clocked in 3.3% higher than a year ago, while being up 0.9% on a monthly basis, a rapid acceleration from February’s levels. Economists surveyed by Bloomberg had anticipated a 3.4% increase from a year ago and 0.9% from a month prior.
According to BLS.gov, "the Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available."
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