Energy Pushes CPI Higher Than Expected

April 20, 2005
For the second consecutive month, U.S. energy costs rose dramatically in March, pushing the closely watched Consumer Price Index (CPI) higher than expected. On a seasonally adjusted basis, the CPI for all urban consumers rose six-tenths of a percentage ...

For the second consecutive month, U.S. energy costs rose dramatically in March, pushing the closely watched Consumer Price Index (CPI) higher than expected. On a seasonally adjusted basis, the CPI for all urban consumers rose six-tenths of a percentage point in March, the U.S. Labor Department reported April 20.

Economists generally had expected a slightly-less-inflationary half-percent increase. March's CPI increase was substantially higher than either February's four-tenths percent increase or January's one-tenth percent increase.

Last month the so-called core CPI-the overall index minus price changes for food and fuel-rose four-tenths of a percentage point, twice as high as the two-tenths percent economists generally expected. In February, the core CPI rose three-tenths of a percentage point, and in January it rose two-tenths.

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