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HomeNewsEconomyConsumer Price Index (CPI) Gains 0.4%, Slightly Beating Forecast

Consumer Price Index (CPI) Gains 0.4%, Slightly Beating Forecast

People count money at Macy's Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)
People count money at Macy's Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)
People count money at Macy’s Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)

The Consumer Price Index (CPI) gained 0.4% in March seasonally adjusted (SA) after rising 0.2% prior, the U.S. Bureau of Labor Statistics reported. On a 12-month basis, the all items index is up 1.9% before seasonal adjustment.

The consensus forecast was 0.3%, ranging from a low of 0.2% to a high of 0.5%.

PriorConsensusRangeResult
CPI – M/M0.2%0.3%0.2% to 0.5%0.4%
CPI – Y/Y1.5%1.8%1.7 % to 2.1%1.9%
CPI less food & energy- M/M0.1%0.2%0.2% to 0.2%0.1%
CPI less food & energy – Y/Y2.1%2.1%2.0% to 2.2%2.0%

The energy index rose 3.5% in March, representing roughly 60% of the total SA gain. The gasoline index rose sharply and the electricity index also gained, while the natural gas index declined.

The index for all items less food and energy rose 0.1% in March, matching the month prior. indexes for shelter, medical care, new vehicles, recreation, education, and tobacco all increased in March, while indexes for apparel, used cars and trucks, and airline fares all fell.

The all items index rose 1.9% for the 12-month period ending March, up from the 1.5% increase for the period ending February.

The index for all items less food and energy gained 2.0% on the 12-month. The food index was up 2.1% year-over-year, its largest 12-month increase since the period ending March 2015. The energy index fell 0.4% on the year.

Written by

Laura Lee Baris is the Assistant Editor at People's Pundit Daily (PPD) and the Producer of "Inside the Numbers" with the People's Pundit. Laura covers politics, entertainment, culture and women's issues. She is also married to the People's Pundit, Richard D. Baris, and a mother to their two beautiful children.

Latest comment

  • In a 100% manipulated economy, this is the best they can do? To my eye, this is a failure more epic than two time loser Hillary Clinton! When the entire game is rigged in your favor and you STILL lose, it’s time to find a different hobby.

    Make any excuse you care to…this is pathetic.

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