"The consumer price index increased a seasonally adjusted 0.9% in March, pushing the annual inflation rate to 3.3% - the highest since April 2024 and up sharply from 2.4% in February."
"Energy prices surged 10.9%, with gasoline surging 21.2% and accounting for nearly three-quarters of the headline price increase, according to the Bureau of Labor Statistics."
"Core CPI (which excludes food and energy) rose just 0.2% for the month and 2.6% from a year ago, both 0.1% below forecast, indicating underlying inflation remained contained."
"For workers, the report carried a sting. Real earnings decreased 0.6% for the month. Average hourly earnings rose just 0.2%."
In March 2026, the consumer price index rose by 0.9%, leading to an annual inflation rate of 3.3%, the highest since April 2024. Energy prices surged 10.9%, primarily due to rising oil prices, with gasoline prices increasing by 21.2%. Core CPI, excluding food and energy, rose only 0.2% for the month and 2.6% annually, indicating contained underlying inflation. Real earnings decreased by 0.6% for the month, while average hourly earnings rose by just 0.2%. Prediction markets are pricing a 63% chance of inflation exceeding 4% before year-end.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]