The Bureau of Labor Statistics (BLS) released March 2023 Consumer Price Indexes (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis):
- All items increased 0.1% in the last month and rose 4.9% in the last twelve months
- Food at home decreased 0.2% from February and rose 8.4% since March 2022
- Cereals + bakery products rose 0.9% in the last month and increased 13.6% in the last twelve months
- Meats, poultry, fish + eggs decreased 1.1% since February and rose 4.3% from March 2022
- Dairy + related products decreased by .33% in the last month and increased 10.7% in the last twelve months
- Fruits + vegetables decreased 1.6% from February and increased 2.5% since March 2022
- Other foods rose 1.1% in the last month and increased 10.5% in the last twelve months
- Energy commodities decreased 5.4% since February and increased 19.7% from March 2022
- Gasoline (all types) rose by .97% in the last month and decreased by 17.4% in the last twelve months
- Commodities, less food + energy, decreased 0.3% in the last month rose 6.6% in the last twelve months
- Apparel rose .8% from February and increased 3.3% since March 2022
- New vehicles increased 0.4% in the last month and rose 9.4% in the last twelve months
- Used cars + trucks rose .9% since February and decreased 11.2% from March 2022
- Motor vehicle parts + equipment rose .14% in the last month and increased 6.4% in the last twelve months
- Medical care commodities rose .60% from February and rose 3.6% from March 2022
- Alcoholic beverages decreased .05% in the last month and increased 3.9% in the last twelve months
- Tobacco + smoking products rose 0.7% since February and increased 6.9% from March 2022
- Personal care products increased 0.8% in the last month and rose 6.5% in the last twelve months
BLS CPI Historical Annual Inflation Rate Averages Through March 2023:
BLS CPI Historical Annual Inflation Rate Averages Through March 2023 Table For Selected Categories
| BLS CPI Code | BLS CPI Category Description | 1M | YTD | 1 YR 3/23 | 3Y 3/23 | 5YR 3/23 | 10YR 3/23 | 20Y 2/23 |
|---|---|---|---|---|---|---|---|---|
| SAF | FOOD & BEVERAGES | 0.1% | 1.2% | 8.3% | 6.7% | 4.7% | 3.0% | 2.9% |
| SAF11 | Food at home | -0.2% | 0.9% | 8.4% | 7.2% | 4.8% | 2.6% | 2.7% |
| SAF114 | Nonalcoholic beverages & beverage materials | 0.2% | 2.9% | 11.3% | 7.4% | 5.4% | 2.5% | 2.2% |
| SEFN | Juices & nonalcoholic drinks | 0.3% | 3.1% | 11.7% | 7.7% | 5.9% | 2.9% | 2.3% |
| SEFN01 | Carbonated drinks | 0.3% | 2.3% | 11.5% | 8.1% | 6.4% | 3.2% | 2.9% |
| SEFN03 | Nonfrozen noncarbonated juices & drinks | 0.3% | 3.6% | 11.9% | 7.5% | 5.6% | 2.7% | 1.8% |
| SEFP | Beverage materials including coffee & tea | -0.1% | 2.4% | 10.4% | 6.7% | 4.2% | 1.6% | 1.9% |
| SEFP01 | Coffee | -0.5% | 2.1% | 10.3% | 7.3% | 4.2% | 1.3% | 2.5% |
| SEFP02 | Other beverage materials including tea | 0.7% | 2.9% | 10.5% | 5.5% | 4.1% | 2.0% | 1.5% |
| SAF115 | Other food at home | 0.7% | 2.1% | 11.1% | 7.8% | 5.0% | 2.7% | 2.5% |
| SEFT06 | Other miscellaneous foods | 0.7% | 1.4% | 11.8% | 7.9% | 5.2% | 2.7% | 2.2% |
| SEFW | Alcoholic beverages at home | 0.0% | 0.7% | 3.9% | 2.7% | 2.2% | 1.4% | 1.5% |
| SEFW01 | Beer, ale & other malt beverages at home | 0.2% | 0.6% | 6.1% | 4.0% | 3.4% | 2.3% | 2.3% |
| SEFW02 | Distilled spirits at home | -0.9% | 0.2% | 2.1% | 2.2% | 1.7% | 0.8% | 0.9% |
| SEFW03 | Wine at home | 0.1% | 0.9% | 2.7% | 1.8% | 1.3% | 0.7% | 0.8% |
| SEHE | FUEL OIL & OTHER FUELS | -2.7% | -8.4% | -10.8% | 17.0% | 6.6% | 1.5% | 4.4% |
| SAH3 | HOUSEHOLD FURNISHINGS & OPERATIONS | 0.3% | 2.2% | 5.6% | 6.2% | 4.2% | 1.8% | 0.8% |
| SAA | APPAREL | 0.8% | 6.8% | 3.3% | 2.4% | 1.2% | 0.4% | 0.4% |
| SAM1 | MEDICAL CARE COMMODITIES | 0.6% | 1.8% | 3.6% | 1.2% | 0.7% | 1.8% | 2.1% |
| SEMF | Medicinal drugs | 0.5% | 1.9% | 3.2% | 1.2% | 0.7% | 1.8% | |
| SEMF01 | Prescription drugs | 0.1% | 2.3% | 2.7% | 0.8% | 0.5% | 2.1% | 8.5% |
| SEMF02 | Nonprescription drugs | 1.5% | 1.0% | 4.7% | 2.2% | 1.1% | 0.4% | |
| SEMG | Medical equipment and supplies | 1.2% | 0.7% | 9.3% | 2.0% | 1.3% | 0.6% | |
| SAR | RECREATION | 0.1% | 1.9% | 4.8% | 3.5% | 2.6% | 1.6% | 1.2% |
| SEEA | EDUCATIONAL BOOKS & SUPPLIES | -1.4% | -1.8% | 2.6% | 1.8% | 0.2% | 1.9% | 3.8% |
| SEGA | TOBACCO & SMOKING PRODUCTS | 0.8% | 2.4% | 6.7% | 6.7% | 5.9% | 5.0% | 5.7% |
| SEGB | PERSONAL CARE PRODUCTS | 0.8% | 1.6% | 6.7% | 2.6% | 1.5% | 0.7% | 0.6% |
| SEGE | MISCELLANEOUS PERSONAL GOODS | -1.3% | 2.6% | 8.7% | 5.4% | 3.5% | 0.5% | -0.2% |
| SAG | OTHER GOODS AND SERVICES | 0.5% | 2.1% | 6.1% | 4.6% | 3.6% | 2.8% | 2.9% |
| SERE | Other recreational goods | 0.6% | 2.8% | 1.6% | 1.3% | -1.2% | -3.9% | -3.8% |
| SERG | Recreational reading materials | 0.9% | 0.7% | -0.1% | 2.8% | 3.2% | 2.2% | 1.9% |