Cheaper Gas Pushes Consumer Prices Down 0.2% for March

The Consumer Price Index fell 0.2% on a seasonally adjusted basis for March, according to a Labor Department report (link opens in PDF) released today.

After rising 0.7% for February, market analysts had expected overall prices to remain unchanged for March.

Source: Labor Department. 

Gas prices had fueled much of February's rise, but falling energy costs were a primary driver behind March's price drop. Gasoline prices decreased 4.4%, while the overall energy index managed a 2.6% drop. Food prices remained flat.

Excluding food and energy prices, consumer prices bumped up 0.1%, just under analysts' predictions of a 0.2% increase. Used cars and trucks made the largest price gains, up 1.2%, while apparel lagged with a 1% price slump.

On a longer-term basis, the overall index increased 1.5% in the last year, or 1.9% without food and energy prices. Food prices are up 1.5% for the same time period, while energy prices have dropped 1.6%.



Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2366355, ~/Articles/ArticleHandler.aspx, 9/26/2016 8:18:39 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes