CPI Shows 12 Month Inflation Rate at 2.4%; Lowest Core in 4 Years
“The energy index decreased 3.3 percent for the 12 months ending March. The food index increased 3.0 percent over the last year.”
The Consumer Price Index (CPI) showed that inflation fell by 0.1% in March.
The number put the 12-month core inflation rate at 2.4%, the lowest in four years.
However! Yes, there is always a however (emphasis mine):
The index for energy fell 2.4 percent in March, as a 6.3-percent decline in the index for gasoline more than offset increases in the indexes for electricity and natural gas. The food index, in contrast, rose 0.4 percent in March as the food at home index increased 0.5 percent and the food away from home index rose 0.4 percent over the month.
The index for all items less food and energy rose 0.1 percent in March, following a 0.2-percent increase in February. Indexes that increased over the month include personal care, medical care, education, apparel, and new vehicles. The indexes for airline fares, motor vehicle insurance, used cars and trucks, and recreation were among the major indexes that decreased in March.
The all items index rose 2.4 percent for the 12 months ending March, after rising 2.8 percent over the 12 months ending February. The all items less food and energy index rose 2.8 percent over the last 12 months, the smallest 12-month increase since March 2021. The energy index decreased 3.3 percent for the 12 months ending March. The food index increased 3.0 percent over the last year.
I am here to give it to you straight, no matter who is in office, Democrat or Republican. The main points:
- Energy decreased 3.3% overall in the past 12 months
- Food increased over 3.0% in the past 12 months
- All items without food & energy increased 2.8% in the past 12 months, but it’s the smallest increase in four years
Time to dissect the charts.
The numbers aren’t great, but they’re not awful. If energy prices keep falling, it will affect other prices. I hope to see all the numbers decrease in the next 12 months.
Food:
- Meats, poultry, fish and eggs: -0.8% in a month, +0.5% in 12 months
- Meats (all): +1.1% in a month, +4.6% in 12 months
- Ground beef: +3.1% in a month, +10.4% in 12 months
- Fresh & frozen chicken parts: +0.6% in a month, +1.4% in 12 months
- Eggs: +5.9% in a month, +60.4% in 12 months
- Fruits & veggies: -0.7% in a month, -0.7% in 12 months
- Bananas: +1.1% in a month, -0.8% in 12 months
- Butter: -0.8% in a month, +5.5% in 12 months
- Flour: +1.5% in a month, +2.9% in 12 months
- Sugar: +0.1% in a month, +3.6% in 12 months
- Bread: -1.0% in a month, +0.1% in 12 months
- Milk: +1.0% in a month, +2.9% in 12 months
- Coffee: +0.9% in a month, +6.7% in 12 months
- Pop: +1.3% in a month, +1.6% in 12 months
Energy:
- Gasoline (all types): -6.3% in a month, -9.8% in 12 months
- Gasoline (regular): -6.6% in a month, -10.3% in 12 months
- Electricity: +0.9% in a month, +2.8% in 12 months
- Utility (piped) gas service: +3.6% in a month, 9.4% in 12 months
Medicine:
- Prescription drugs: -2.0% in a month, +2.1% in 12 months
- Nonprescription drugs: -0.3% in a month, -0.6% in 12 months
- Health insurance: +0.4% in a month, +3.1% in 12 months
Shelter:
- Shelter (overall): +0.2% in a month, +4.0% in 12 months
- Rent of primary residence: +0.3% in a month, +4.0% in 12 months
- Owners’ equivalent rent of primary residence: +0.4% in a month, +4.4% in 12 months
- Lodging away from home: -3.5% in a month, -2.5% in 12 months
DONATE
Donations tax deductible
to the full extent allowed by law.
Comments
It’s nice to have someone who is not asleep at the switch these days
The Millei Strategy wins again.
We have not adopted anything remotely close to Milei’s austerity measures. Federal spending at the moment is outpacing federal spending from a year ago. The proposed GOP budget for 2025 is…confusing and largely predicated on what-ifs/maybes than actual spending cuts. Spending in 2024 was $6.8T. It’s uncertain exactly what the GOP proposed budget would spend, but even in their estimates, we’ll have a federal budget deficit of almost $3T. When they talk about ‘trillion dollar cuts,’ they’re playing the same game Democrats do, recording cuts that they propose happen in FUTURE years.
The only upside (I think) is while we’re spending more, we’ve borrowed slightly less than we did through this same period in 2024, I believe due to increased treasury receipts.
https://www.crfb.org/blogs/12-month-rolling-deficit-21-trillion-march-2025
.
Price hikes have to slow before they fall. Food prices depend on energy cost and the cost of energy has fallen. The price of food cannot fall immediately in turn because the food supply chain — production, processing, distribution and retail — have to see their costs fall in succession. Also, food is harvested, not manufactured, so there is that time element to consider.
It’s all good… the numbers are on the right track.
That’s an annualized monthly rate, which is a noisy measurement. Its average over a year, i.e. a year to year change, is much better.
Even noisier is leading indicators of inflation, which is what the Fed uses to plan whether interest rates need to go up or down. Smoothed by caution.
Moving in the right direction for a change.
It’s nice to see that auto insurance index come down, even if it’s a negligible amount. The increase in both auto and home insurance the last three years has been eye-watering…and for whatever reason, it has received very little attention in the media, perhaps because media in the US is driven by journos who work in the Acela corridor. I’m paying a larger auto insurance premium today than I was in 2018, a time when I still had three kids living at home and covered under my policy. Neither my wife nor I have had any tickets, accidents or claims and yet, we’re up more than 100%. It’s crazy.
I’d imagine that auto insurance rates are tied to the cost of the car that you’re likely to hit that they have to pay for.
b/c despite any laws that say otherwise the dem voters that dont want to get auto insurance ….dont
so an increase in rates is a middle class problem…thats not the concern of the warmongering msm
On my specific policy, more than half of the increase can be attributed to one specific coverage type: Uninsured motorist coverage. My insurance agent tells me this is what is driving costs up for the vast majority of people who haven’t had any tickets/accidents/claims. I would love to know what % of those uninsured motorist accidents that are being paid were caused by illegal aliens.
Yes- Biden had inflation uncer control. Everybody outside the redhat cult knew that.
I know it’s a struggle but keep trying to earn your GED.
He can’t even spell GED, let alone earn one.
Hey, do y’all want to crow about the stock market today, transvestite 1156?
You’ll be at least as accurate with your predictions as this incredible “inflation under control” claim.
Sure. THE MORON announces his bizarro world tariff policy-> Dow crashes.
He gets his jowls slapped by Wall Street-> Calls them off> market responds.
ANy more dumb questions?
Shut up, you idiot.
Sounds just like something a Biden cultist would say about their fit as a fiddle fraud.
If by in control, you mean heading up without stopping.
why keep stats
the lefty msm will just report it anyway they want to as the look to cause a civil war sooner than later
fjb…there is no recession despite what any stats show
crime stats…many deep blue cities dont even report
voting numbers…wait wait ….theres more votes found……
The wholesale price of eggs has fallen 61% since peaking on March 3.
https://tradingeconomics.com/commodity/eggs-us
The bird flu-driven price increases caused egg demand to drop by 12%, but the recent waning of bird flu has caused the number of pullets (think teenage hens, will soon be laying eggs) to expand by 5%. Bottom line: Egg prices will be coming down very fast, very soon.
Sorry these numbers are BS. I know what my bills are and they ain;t going down. They are going up. My heating bills are higher than they ever been before. My food prices are higher as well and the number of restaurants going out of business is increasing. I pay more for drugs than ever before,
Yes I know my points are all anecdotal in nature but I refuse to believe that every part of the country is subject to the same inflation pressures as every other.
Don’t conflate “rate of inflation slowing” to “prices dropping”. They are utterly different. It means prices will go up LESS QUICKLY (except in a few instances like gas prices).
And if you live in a blue area, any gains you might have seen will be quickly swallowed up by higher gas taxes, higher state taxes or the costs of idiotic blue policies.
“CPI Shows 12 Month Inflation Rate at 2.4%; Lowest Core in 4 Years”
JR and TeeJayVee hardest hit.
Sorry I’m late. I’m here for the shrill idiot tjv1156’s comments. Did I miss anything? I decided I can’t keep up with you guys in the “tjv1156 said MORON” drinking game.
Leave a Comment