Economy
Inflation rose to 3.5% in March, its highest point since September 2023
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The latest BLS data shows that inflation rose to 3.5% in March, its highest rate since September 2023. Gas and shelter contributed over 50% to inflation from February to March. Gas prices are up $0.50 since 1/1, with a national average of $3.59 per gallon.
Dataset
Sep. 2023 | Oct. 2023 | Nov. 2023 | Dec. 2023 | Jan. 2024 | Feb. 2024 | Mar. 2024 | Un-adjusted 12-mos. Ended 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 | 0.1 | 2.2 |
Food at home | 0.1 | 0.3 | 0 | 0.1 | 0.4 | 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 | -0.6 | -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 | 0.3 | 1.4 | 0.8 | 0.7 | 3.1 |
Electricity | 0.8 | 0.4 | 1 | 0.6 | 1.2 | 0.3 | 0.9 | 5 |
Utility (piped) gas service | -1.4 | 0.3 | 1.2 | -0.6 | 2 | 2.3 | 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 | -0.2 | -0.1 | -0.3 | 0.1 | -0.2 | -0.7 |
New vehicles | 0.2 | -0.1 | 0 | 0.2 | 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 | -0.6 | 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 | 0.1 | 1 | 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 |
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