April 2018
The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 percent in March on a seasonally adjusted basis after rising 0.2 percent in February the U.S. Bureau of Labor Statistics reported today. A decline in the gasoline index more than outweighed increases in the indices for shelter, medical care, and food to result in the slight seasonally adjusted decline in the all items index.
The all items index rose 2.4 percent for the 12 months ending March, the largest 12-month increase since the period ending March 2017 and higher than the 1.6-percent average annual rate over the past 10 years.
