Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released March 2024 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis):

All items increased 0.6% in the last month and increased 3.5% in the last twelve months
Food at home saw no change from February and rose 1.2% since March 2023
Cereals + bakery products fell by 0.6% in the last month and increased 0.2% in the last twelve months
Meats, poultry, fish + eggs increased 0.8% since February and rose 1.3% from March 2023
Dairy + related products fell 0.4% in the last month and decreased 1.9% in the last twelve months
Fruits + vegetables decreased 0.3% from February and rose 2.0% since March 2023
Other foods increased 0.1% in the last month and rose 0.9% in the last twelve months
Gasoline (all types) rose 6.4% since February and increased 1.3% from March 2023
All items, less food and energy, rose 0.5% in the last month and increased 3.8% in the last twelve months
Apparel rose 1.3% from February and increased 0.4% since March 2023
New vehicles fell 0.2% in the last month and decreased 0.1% in the last twelve months
Used cars + trucks increased 0.5% since February and fell 2.2% from March 2023
Motor vehicle parts + equipment decreased 0.2% in the last month and fell 0.8% in the last twelve months
Medical care commodities rose 0.2% from February and increased 2.5% since March 2023
Alcoholic beverages saw no change in the last month and increased 2.4% in the last twelve months
Tobacco + smoking products rose 0.4% since February and increased 6.8% from March 2023
Personal care products increased 0.2% in the last month and rose 3.4% in the last twelve months

BLS CPI Historical Annual Inflation Rate Averages Through March 2024 Table For Selected Categories

BLS CPI CodeBLS CPI Category Description1MYTD1 YR 3/243Y 3/245 YR 3/2410 YR 3/2420Y 3/24
SAFFOOD & BEVERAGES0.1%0.8%2.2%6.3%4.8%3.1%2.9%
SAF11Food at home0.0%0.8%1.2%6.4%4.7%2.6%2.6%
SAF114Nonalcoholic beverages & beverage materials0.2%2.6%2.4%7.1%5.2%2.9%2.3%
SEFNJuices & nonalcoholic drinks0.5%3.1%3.6%7.6%5.7%3.4%2.5%
SEFN01Carbonated drinks0.3%3.6%4.2%7.6%6.0%3.7%3.0%
SEFN03Nonfrozen noncarbonated juices & drinks0.7%2.4%2.7%7.4%5.4%3.1%2.0%
SEFPBeverage materials including coffee & tea-0.5%1.4%-0.7%6.1%4.0%1.9%1.8%
SEFP02Other beverage materials including tea-1.5%1.2%2.0%5.7%4.2%2.2%1.6%
SAF115Other food at home-0.2%0.8%1.4%7.5%5.2%2.9%2.5%
SEFT06Other miscellaneous foods-0.3%-0.3%0.7%7.1%5.2%2.7%2.1%
SEFWAlcoholic beverages at home-0.2%1.2%1.7%2.7%2.2%1.5%1.5%
SEFW01Beer, ale & other malt beverages at home-0.2%1.3%2.6%4.2%3.6%2.4%2.3%
SEFW02Distilled spirits at home-0.2%1.2%1.7%1.8%1.4%1.0%1.0%
SEFW03Wine at home-0.1%1.1%0.9%1.9%1.3%0.8%0.9%
SEHEFUEL OIL & OTHER FUELS-1.4%0.7%-3.1%9.5%5.9%0.5%4.7%
SAH3HOUSEHOLD FURNISHINGS & OPERATIONS0.1%1.0%-0.8%4.9%3.6%1.8%0.8%
SAM1MEDICAL CARE COMMODITIES0.2%-0.4%2.5%2.9%1.5%1.9%2.1%
SEMFMedicinal drugs0.1%-0.3%2.5%2.8%1.5%1.9%
SEMF01Prescription drugs0.3%-0.6%0.4%1.8%0.9%2.0%8.4%
SEMF02Nonprescription drugs-0.2%0.2%7.4%5.4%2.9%1.2%
SEMGMedical equipment and supplies0.6%-0.6%2.8%5.0%2.1%1.0%
SEEAEDUCATIONAL BOOKS & SUPPLIES-0.9%-1.1%2.6%0.5%-0.1%1.3%3.4%
SEGATOBACCO & SMOKING PRODUCTS0.4%1.5%6.7%6.9%6.5%5.4%6.0%
SEGBPERSONAL CARE PRODUCTS0.2%1.7%6.7%4.0%2.3%1.0%0.8%
SEGEMISCELLANEOUS PERSONAL GOODS-1.2%0.1%8.7%5.1%3.4%0.3%-0.1%
SAGOTHER GOODS AND SERVICES0.5%1.3%6.1%5.4%4.3%3.1%3.1%
SEREOther recreational goods-1.5%-1.1%1.6%-0.5%-1.8%-4.2%-4.0%
SERGRecreational reading materials1.5%1.2%-0.1%2.0%3.0%2.1%1.8%
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