BLS Releases March 2017 Consumer Price Index (Apr. 2017)
According to the Bureau of Labor Statistics, the Consumer Price Index for all urban consumers (CPI-U) decreased 0.3 percent in March on a seasonally-adjusted basis. A decline in the gasoline index was the main cause of the decrease. The gasoline index fell 6.2 percent in March 2017. The food index rose 0.3 percent in March following a 0.2 percent increase in February, and the energy index fell 3.2 percent in March following a 1.0 percent decline in February.
Excluding the volatile costs of food and energy, the index for all items less food and energy declined by 0.1 percent in March, primarily due to the decrease in the indexes for communication (less 3.5 percent), used cars and trucks (less 0.9 percent), new vehicles (less 0.3 percent), and apparel (less 0.7 percent).
The all items index has risen 2.4 percent over the last 12 months before seasonal adjustment; a smaller increase than the 2.7 percent rise for the period ending in February. The indexes for shelter and medical care both rose 3.5 percent over the past 12 months.
The full press release can be found via the link below.
Next release is Friday, May 12, 2017 for the April 2017 Consumer Price Index.