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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

April 10, 2024

The United States Consumer Price Index (not seasonally adjusted) for All Urban Consumers increased 3.5% year-over-year in March 2024. Compared to March 2023, the energy index rose 2.1%, the first increase since the 12-month period ending in February 2023. The food index rose 2.2% and the shelter index was up 5.7% year-over-year.

Compared to the previous month, the seasonally adjusted CPI was up 0.4% in March 2024, the same increase as the previous month. The food index edged up 0.1% and the energy index rose 1.1% on higher prices for gasoline, electricity and piped gas service. 

The CPI excluding food and energy rose 3.8% compared to March 2023. The CPI excluding food and energy index (seasonally adjusted) was up 0.4% compared to February 2024, the same rate as the previous two months.

Note: Canada and Nova Scotia March 2024 CPI figures will be released on April 16, 2024.


Statistics Canada. Table 18-10-0004-01  Consumer Price Index, monthly, not seasonally adjusted

US Bureau of Labor Statistics, retrieved from Federal Reserve Bank of St. Louis using the FRED API.

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