US Consumer Price Index inflation climbed 5.0% year-over-year in March

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Inflation took a massive plunge in March

Seasonally adjusted data shows CPI climbed by 0.1% month-over-month in March. That growth is just under the forecast of 0.2%.

The index for energy saw a big year-over-year drop, declining by 6.4%, per not seasonally adjusted data. Seasonally adjusted data shows this index declined by 3.5% from February to March. That's a large month-over-month decline relative to the decline of 0.6% from January to February. Like the food index, the shelter index also soared above 8%. It rose by 8.2% over the last 12 months ending in March. The shelter index also climbed by 0.6% over the month.

 

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