Energy Prices Raise CPI

April 19, 2006
To virtually no one's surprise, higher prices for gasoline and other motor fuels drove up the U.S. Labor Department's Consumer Price Index by four-tenths of a percentage point in March. The closely watched index, a key measure of U.S. inflation, had ...

To virtually no one's surprise, higher prices for gasoline and other motor fuels drove up the U.S. Labor Department's Consumer Price Index by four-tenths of a percentage point in March. The closely watched index, a key measure of U.S. inflation, had risen just one-tenth of a percentage point in February.

The so-called core CPI, which excludes the sometimes volatile month-to-month price changes for food and fuel, rose three-tenths of a percentage point in March, triple its one-tenth percent rise in February. Higher prices for apparel and shelter accounted for about 70% of the March increase in the core CPI, the Labor Department said when it released the latest data on April 19.

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