US Consumer Price Index for All Urban Consumers rose 0.6% in March after jumping 0.4% in February, according to the Department of Labor press release. The March increase was the largest rise since a 0.6% gain in August 2012.
Over the past 12 months, the Consumer Price Index surged 2.6%, a larger increase than the 1.7% reported for the period ending in February.
The gasoline index gained 9.1% and accounted for nearly half of the increase in the all items index in March.
The natural gas index contributed to a 5.0% increase in the energy index over the month.
The food index gained 0.1%, with the food at home index and food away from home index both rising 0.1% in March.
The index for all items less food and energy rose 0.3% in March.
The index for all items less food and energy rose 1.6% over the past 12 months, after gaining 1.3% over the 12 month period ending in February.
The food index surged 3.5% over the last 12 months, while the energy index gained 13.2% over the same period.U.S stocks are mixed as the dollar declines. SPY is down 0.0024% on premarket, QQQ is up 0.50% on premarket, EURUSD is up 0.13%.
