The Consumer Price Index (CPI) released on Wednesday showed inflation rose 0.1 percent for the month after increasing 0.4 percent in February. Over the last 12 months, the index has increased five percent for all items.
The food index was unchanged in March and food at home fell 0.3 percent. The index for shelter accounted for the largest percentage increase on the month. Energy decreased 3.5 percent in the month.
Food costs rose 0.1 percent – compared to 0.8 percent last month. In contrast to the overall food index, the “meats, poultry, fish, and eggs” index increased its rate of fall, lowering 1.1 percent in March alone in addition to falling 0.1 percent in February, which was the first decrease since December 2021. Eggs led the decrease, falling 36 percent in March.
The full CPI report can be found here.