Beneath The Skin Of CPI Inflation: Surging Prices Of Food, Housing, Medical Care Meet Plunging Prices Of Gasoline And Travel Services

2025-04-11 06:30:00 ET

Summary

• Overall CPI turned negative month-to-month, falling by 0.05% (-0.6% annualized) in March from February. Core CPI and core services CPI decelerated sharply.
• CPI inflation month-to-month accelerated further for housing, food, medical care services, and motor vehicle maintenance and repair, showing the worst increases in many months, and in the case of food, in years.
• But these price increases were overpowered by plunging gasoline prices, and by plunging prices in the travel sector.

Worst food inflation since 2022. Worst housing inflation in months. But plunging prices for lodging, rental cars, and airfares are interesting.

In the Consumer Price Index on Thursday, month-to-month inflation accelerated further for housing, food, medical care services, and motor vehicle maintenance and repair, showing the worst increases in many months, and in the case of food, in years....

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