CPI @5…

[dasari4kntr]

Consumer Price Index Summary 

Transmission of material in this release is embargoed until                                        
8:30 a.m. (ET) Wednesday, April 12, 2023       USDL-23-0674
	
Technical information: (202) 691-7000  *  [email protected]  *  www.bls.gov/cpi
Media contact:         (202) 691-5902  *  [email protected] 

CONSUMER PRICE INDEX - MARCH 2023

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in March on a seasonally
adjusted basis, after increasing 0.4 percent in February, the U.S. Bureau of Labor Statistics reported
today. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment.

The index for shelter was by far the largest contributor to the monthly all items increase. This more
than offset a decline in the energy index, which decreased 3.5 percent over the month as all major
energy component indexes declined. The food index was unchanged in March with the food at home index
falling 0.3 percent.

The index for all items less food and energy rose 0.4 percent in March, after rising 0.5 percent in
February. Indexes which increased in March include shelter, motor vehicle insurance, airline fares,
household furnishings and operations, and new vehicles. The index for medical care and the index for
used cars and trucks were among those that decreased over the month.

The all items index increased 5.0 percent for the 12 months ending March; this was the smallest 12-month
increase since the period ending May 2021. The all items less food and energy index rose 5.6 percent
over the last 12 months. The energy index decreased 6.4 percent for the 12 months ending March, and the
food index increased 8.5 percent over the last year. 

Table A. Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city average
 

	Seasonally adjusted changes from preceding month							Un- adjusted 12-mos. ended Mar. 2023
	Sep. 2022	Oct. 2022	Nov. 2022	Dec. 2022	Jan. 2023	Feb. 2023	Mar. 2023
Footnotes (1) Not seasonally adjusted.
All items	0.4	0.5	0.2	0.1	0.5	0.4	0.1	5.0
Food	0.8	0.7	0.6	0.4	0.5	0.4	0.0	8.5
Food at home	0.7	0.5	0.6	0.5	0.4	0.3	-0.3	8.4
Food away from home(1)	0.9	0.9	0.5	0.4	0.6	0.6	0.6	8.8
Energy	-1.7	1.7	-1.4	-3.1	2.0	-0.6	-3.5	-6.4
Energy commodities	-4.1	3.7	-2.1	-7.2	1.9	0.5	-4.6	-17.0
Gasoline (all types)	-4.2	3.4	-2.3	-7.0	2.4	1.0	-4.6	-17.4
Fuel oil(1)	-2.7	19.8	1.7	-16.6	-1.2	-7.9	-4.0	-14.2
Energy services	1.2	-0.7	-0.6	1.9	2.1	-1.7	-2.3	9.2
Electricity	0.8	0.5	0.5	1.3	0.5	0.5	-0.7	10.2
Utility (piped) gas service	2.2	-3.7	-3.4	3.5	6.7	-8.0	-7.1	5.5
All items less food and energy	0.6	0.3	0.3	0.4	0.4	0.5	0.4	5.6
Commodities less food and energy commodities	0.0	-0.1	-0.2	-0.1	0.1	0.0	0.2	1.5
New vehicles	0.7	0.6	0.5	0.6	0.2	0.2	0.4	6.1
Used cars and trucks	-1.1	-1.7	-2.0	-2.0	-1.9	-2.8	-0.9	-11.2
Apparel	0.0	-0.2	0.1	0.2	0.8	0.8	0.3	3.3
Medical care commodities(1)	-0.1	0.0	0.2	0.1	1.1	0.1	0.6	3.6
Services less energy services	0.8	0.5	0.5	0.6	0.5	0.6	0.4	7.1
Shelter	0.7	0.7	0.6	0.8	0.7	0.8	0.6	8.2
Transportation services	1.9	0.6	0.3	0.6	0.9	1.1	1.4	13.9
Medical care services	0.8	-0.4	-0.5	0.3	-0.7	-0.7	-0.5	1.0

Food

The food index was unchanged in March. The food at home index fell 0.3 percent over the month, the first
decline in that index since September 2020. Three of the six major grocery store food group indexes
decreased over the month. The index for meats, poultry, fish, and eggs decreased 1.4 percent in March as
the index for eggs fell 10.9 percent. The fruits and vegetables index declined 1.3 percent over the
month, and the dairy and related products index decreased 0.1 percent.

In contrast, the index for other food at home rose 0.4 percent in March, following a 0.3-percent
increase the previous month. The cereals and bakery products index increased 0.6 percent over the month,
and the nonalcoholic beverages index rose 0.2 percent. 

The food away from home index rose 0.6 percent in March, as it did in the previous 2 months. The index
for full service meals increased 0.7 percent over the month and the index for limited service meals
increased 0.5 percent. 

The food at home index rose 8.4 percent over the last 12 months. The index for cereals and bakery
products rose 13.6 percent over the 12 months ending in March. The remaining major grocery store food
groups posted increases ranging from 2.5 percent (fruits and vegetables) to 11.3 percent (nonalcoholic
beverages).

The index for food away from home rose 8.8 percent over the last year. The index for full service meals
rose 8.0 percent over the last 12 months, and the index for limited service meals rose 7.9 percent over
the same period. 

Energy

The energy index fell 3.5 percent in March after decreasing 0.6 percent in February. The gasoline index
decreased 4.6 percent in March, following a 1.0-percent increase in the previous month. (Before seasonal
adjustment, gasoline prices rose 1.0 percent in March.) The natural gas index decreased 7.1 percent over
the month, following an 8.0-percent decline in February. The index for electricity decreased 0.7 percent
in March, the largest decline in that index since January 2021.

The energy index fell 6.4 percent over the past 12 months. The gasoline index decreased 17.4 percent
over the last 12 months, while the fuel oil index fell 14.2 percent over the span. In contrast, the
index for electricity rose 10.2 percent over the last year, and the index for natural gas increased 5.5
percent over the same period. 

All items less food and energy

The index for all items less food and energy rose 0.4 percent in March after rising 0.5 percent in
February. The shelter index increased 0.6 percent over the month after rising 0.8 percent in February.
The index for rent and the index for owners' equivalent rent both rose 0.5 percent in March following
larger increases in the previous month. The index for lodging away from home increased 2.7 percent in
March. 

The shelter index was the dominant factor in the monthly increase in the index for all items less food
and energy. Among the other indexes that rose in March was the index for motor vehicle insurance, which
increased 1.2 percent, and the index for airline fares which increased 4.0 percent. The indexes for
household furnishings and operations, new vehicles, education, and apparel also increased in March. In
contrast, the index for used cars and trucks fell 0.9 percent in March, continuing a recent downward
trend. 

The medical care index fell 0.3 percent in March, after falling 0.5 percent in February. The index for
hospital services fell 0.4 percent over the month, after being unchanged in February. The index for
physicians' services continued to decline, falling 0.2 percent after declining 0.5 percent in February.
The prescription drugs index increased 0.1 percent in March. 

The index for all items less food and energy rose 5.6 percent over the past 12 months. The shelter index
increased 8.2 percent over the last year, accounting for over 60 percent of the total increase in all
items less food and energy. Other indexes with notable increases over the last year include motor
vehicle insurance (+15.0 percent), household furnishings and operations (+5.6 percent), recreation (+4.8
percent), and new vehicles (+6.1 percent). 

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 5.0 percent over the last 12 months
to an index level of 301.836 (1982-84=100). For the month, the index increased 0.3 percent prior to
seasonal adjustment.  

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 4.5 percent over
the last 12 months to an index level of 296.021 (1982-84=100). For the month, the index increased 0.3
percent prior to seasonal adjustment.  

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 5.1 percent over the last
12 months. For the month, the index increased 0.3 percent on a not seasonally adjusted basis. Please
note that the indexes for the past 10 to 12 months are subject to revision. 
_______________
The Consumer Price Index for April 2023 is scheduled to be released on Wednesday, May 10, 2023, at 8:30a.m. (ET).

Technical Note

Brief Explanation of the CPI

The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services.
The CPI reflects spending patterns for each of two population groups: all urban consumers and urban
wage earners and clerical workers. The all urban consumer group represents over 90 percent of the
total U.S. population. It is based on the expenditures of almost all residents of urban or 
metropolitan areas, including professionals, the self-employed, the poor, the unemployed, and retired
people, as well as urban wage earners and clerical workers. Not included in the CPI are the spending 
patterns of people living in rural nonmetropolitan areas, farming families, people in the Armed Forces,
and those in institutions, such as prisons and mental hospitals. Consumer inflation for all urban
consumers is measured by two indexes, namely, the Consumer Price Index for All Urban Consumers (CPI-U)
and the Chained Consumer Price Index for All Urban Consumers (C-CPI-U). 

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) is based on the 
expenditures of households included in the CPI-U definition that meet two requirements: more than 
one-half of the household's income must come from clerical or wage occupations, and at least one of 
the household's earners must have been employed for at least 37 weeks during the previous 12 months.
The CPI-W population represents approximately 30 percent of the total U.S. population and is a subset
of the CPI-U population.

The CPIs are based on prices of food, clothing, shelter, fuels, transportation, doctors' and dentists'
services, drugs, and other goods and services that people buy for day-to-day living. Prices are 
collected each month in 75 urban areas across the country from about 6,000 housing units and 
approximately 22,000 retail establishments (department stores, supermarkets, hospitals, filling 
stations, and other types of stores and service establishments). All taxes directly associated with 
the purchase and use of items are included in the index. Prices of fuels and a few other items are 
obtained every month in all 75 locations. Prices of most other commodities and services are collected 
every month in the three largest geographic areas and every other month in other areas. Prices of most
goods and services are obtained by personal visit, telephone call, or web collection by the Bureau's 
trained representatives.

In calculating the index, price changes for the various items in each location are aggregated using
weights, which represent their importance in the spending of the appropriate population group. Local
data are then combined to obtain a U.S. city average. For the CPI-U and CPI-W, separate indexes are
also published by size of city, by region of the country, for cross-classifications of regions and
population-size classes, and for 23 selected local areas. Area indexes do not measure differences in
the level of prices among cities; they only measure the average change in prices for each area since
the base period. For the C-CPI-U, data are issued only at the national level. The CPI-U and CPI-W are
considered final when released, but the C-CPI-U is issued in preliminary form and subject to three
subsequent quarterly revisions.

The index measures price change from a designed reference date. For most of the CPI-U and the CPI-W,
the reference base is 1982-84 equals 100. The reference base for the C-CPI-U is December 1999 equals
100.  An increase of 7 percent from the reference base, for example, is shown as 107.000. Alternatively,
that relationship can also be expressed as the price of a base period market basket of goods and 
services rising from $100 to $107. 

 

 

[papacha]

Layman question the lesser it is the chances of recession are lesser?

[vamprie]

4 minutes ago, papacha said:

Layman question the lesser it is the chances of recession are lesser?

This will allow FED to increase more interest rates ani ardham lol

[Ravi860]

Orini not expected this at all. Almost point drop 6 to 5. Your guess is correct bro. @dasari4kntr probably now fed might pause rates 

[dasari4kntr]

3 minutes ago, papacha said:

Layman question the lesser it is the chances of recession are lesser?

scenario 1 -

inflation increases—> rates increase —> companies stop taking leverage finance for high interest —> companies stop funding on new projects or reduce operational expenses —> if no projects or funding then no work —> leads to layoff and unemployment 

 

scenario 2 -

banks holds some bonds with 1% interest rate —>inflation increases—> rates increase —> so new bonds are at 5% interest rate—> so bonds with  low interest rate like 1% lost value or unattractive….—> banks or people try to get rid of those bonds…

 

scenario 3 -

inflation increases—> rates increase —> housing sales will down —> leads to more houses and less buyers—> cause to house prices cone down..

 

scenario 4 -

inflation increases—> rates increase —> it leads to your credit card interest rates as well —> so your spending will be less..

[futureofandhra]

5 minutes ago, dasari4kntr said:

scenario 1 -

inflation increases—> rates increase —> companies stop taking leverage finance for high interest —> companies stop funding on new projects or reduce operational expenses —> if no projects or funding then no work —> leads to layoff and unemployment 

 

scenario 2 -

banks holds some bonds with 1% interest rate —>inflation increases—> rates increase —> so new bonds are at 5% interest rate—> so bonds with  low interest rate like 1% lost value or unattractive….—> banks or people try to get rid of those bonds…

 

scenario 3 -

inflation increases—> rates increase —> housing sales will down —> leads to more houses and less buyers—> cause to house prices cone down..

 

scenario 4 -

inflation increases—> rates increase —> it leads to your credit card interest rates as well —> so your spending will be less..

I do not know about other areas dallas lo ayithey inventory is not that much to reduce prices

[Ravi860]

4 minutes ago, futureofandhra said:

I do not know about other areas dallas lo ayithey inventory is not that much to reduce prices

Real estate is always local.. intha waste market lo kuda ala undante imagine 

[dasari4kntr]

wow…nice name shrikflation…