CONSUMER PRICE INDEX – MARCH 2011
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in March on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment.
Gasoline and food prices continued to rise and together accounted for almost three quarters of the seasonally adjusted all items increase in March. The gasoline index posted its ninth consecutive increase and has now risen 14.4 percent over the last three months. The household energy index rose as well, with advances in the fuel oil and electricity indexes more than offsetting a decline in the index for natural gas.
The food at home index continued to accelerate in March, rising 1.1 percent as all six major grocery store food groups increased. The index for all items less food and energy rose 0.1 percent in March, a smaller increase than in the previous two months.
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See the following for more details: http://www.bls.gov/news.release/pdf/cpi.pdf
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