US Headline Inflation Plateaus, But Core CPI Continues to Skyrocket

Consumer prices continued their ascend in March albeit to a plateauing state, as shelter and food inflation substantially keeps outweighing major declines across other components.

Latest figures from the BLS show headline inflation rose to 5% last month, lower than forecasts calling for a print of 5.2% and a full percentage point lower than February’s 6%. Core inflation, which doesn’t account for volatile components such as food and energy, rose 0.4% month-over-month to an annual 5.6%— higher than the previous month’s figure of 5.5% but still in line with forecasts.

The largest deflationary component on the March CPI print were energy prices, which fell 3.5% from the prior month and are down 17% from one year ago. The cost of food, meanwhile, remained unchanged last month, aside from a 0.6% month-over-month increase in the food away from home index. However, the index for shelter was by far the biggest contribution to March’s overall CPI gain, rising 0.6% from February to an annualized 8.2%.

Information for this story was found via the BLS. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

US CPI Lower Than Forecast, But Real Wages Continue to Plummet

US consumer prices came in lower than expected— albeit still more than three times higher...

Tuesday, December 13, 2022, 09:22:29 AM

CPI Flat At 3.2% In October

The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban...

Tuesday, November 14, 2023, 08:42:53 AM

US Consumer Price Index Comes In At 3.1% In November

Inflation across the United States in November rose by 0.1% on a seasonally adjusted basis...

Tuesday, December 12, 2023, 08:40:56 AM

US CPI Rises to 3.2% in July

Inflation in the US rose another 0.2% month-over-month in July, resulting in an annual increase...

Thursday, August 10, 2023, 08:39:28 AM

America’s Inflation Problem: June CPI Hits Yet Another Record As Real Wages Continue to Plummet

Just when you thought you were under the impression that things might, just might, be...

Wednesday, July 13, 2022, 10:14:00 AM