United States Inflation Rate Mom

The Consumer Price Index in the United States increased 0.4% month-over-month in March 2024, the same as in February and above market expectations of 0.3%. Prices for shelter (0.4%) and gasoline (1.7%) contributed over 50% of the increase. Meanwhile, energy prices rose 1.1% and food cost went up 0.1%, particularly food away from home (0.3%). Excluding food and energy, core consumer prices rose 0.4%, the same as in February and higher than forecasts of 0.3%, with cost for shelter, motor vehicle insurance, medical care, apparel, and personal care weighing.