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Rising Gasoline Prices Push Consumer Inflation Up a Bit

A key index of consumer inflation increased 0.4 percent in March on a seasonally adjusted…

  • April 26, 2019

A key index of consumer inflation increased 0.4 percent in March on a seasonally adjusted basis after rising 0.2 percent in February, the Labor Department reports.

Over the last 12 months, the “all items” index increased 1.9 percent before seasonal adjustment.

Of note, the energy index increased 3.5 percent in March, accounting for about 60 percent of the seasonally adjusted all items monthly increase.

The gasoline index increased sharply, and the electricity index also rose, although the natural gas index declined. The food index also increased in March, with the indexes for food at home and food away from home both continuing to rise.

The index for all items less food and energy increased 0.1 percent in March, the same increase as in February. The indexes for shelter, medical care, new vehicles, recreation, education, and tobacco were among those that increased in March, while the indexes for apparel, used cars and trucks, and airline fares all declined.