United States Inflation Rate Down to 1.5% in March

The all items index increased 1.5 percent over the last 12 months; this compares to 2.0 percent last month and is the smallest increase since the 12 months ending July 2012. The index for all items less food and energy increased 1.9 percent over the last 12 months. The food index rose 1.5 percent while the energy index declined 1.6 percent.

The food at home index has risen 1.0 percent year-on-year. The fruits and vegetables index rose 4.4 percent over the same span, the largest increase among the food groups, while the indexes for dairy and related products and for nonalcoholic beverages both declined. The index for food away from home has risen 2.3 percent over the past year.

Over the past 12 months, the indexes for gasoline and fuel oil have declined; gasoline by 3.1 percent and fuel oil by 2.4 percent. The indexes for natural gas and electricity have risen; natural gas by 1.8 percent and electricity by 0.9 percent.
The index for all items less food and energy increased 1.9 percent for the 12 months ending March. Component indexes rising more quickly than this include airline fare (3.8 percent), medical care (3.1 percent), and shelter (2.2 percent). Among those indexes rising more slowly are new vehicles (1.1 percent), apparel (0.8 percent), and used cars and trucks (0.1 percent). The index for household furnishings and operations declined 0.6 percent over the span.

BLS | Nuno Fontes | nuno@tradingeconomics.com
4/16/2013 1:42:29 PM