Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for March 2022:
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The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
General categories that constitute the CPI are:
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CPI During March 2022: 287.504
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Predicted: +1.0%
Actual: +1.335% (+3.788 points)
- Change From 12 Months Previous: +8.542% (+22.627 points)
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The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.
The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
General categories that constitute the CPI are:
- Healthcare
- Housing
- Clothing
- Communications
- Education
- Transportation
- Food and Beverages
- Recreation
- Miscellaneous Goods and Services (grooming expenses, etc.)
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CPI During March 2021: 264.877
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CHART: Consumer Price Index (CPI)
Fuel Oil + Gasoline (All Types)
12-Month Percent Change
March 2022 Update
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