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April 10, 2024US CONSUMER PRICE INDEX, MARCH 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.
Sources:
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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