Consumer Price Index (CPI) for March 2024

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for March 2024:

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CPI During March 2024: 312.332

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Consumer Price Index, Headline

Predicted: +0.5%
Actual: +0.65% (+2.006 points)

• Change From 12 Months Ago: +3.48% (+10.496 points)
  

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Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.5%
Actual: +0.53% (+1.669 points)

Change From 12 Months Ago: +3.8% (+11.612 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 2023: 301.836

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 CHART: Consumer Price Index
12-Month Percentage Change
March 2024 Update

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• Click here to view the full Labor Department report.
  

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