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Monday, April 22, 2019 4:20:33 PM EDT

CPI Updated 10-Apr-19 09:18AM ET

Total CPI increased 0.4% month-over-month in March ( consensus +0.3%), which was driven mostly by a 3.5% increase in the energy index.

Core CPI, which excludes food and energy, was up just 0.1% ( consensus +0.2%).

Total CPI increased 1.9% for the 12 months ending March, up from 1.5% for the period ending February.

The food index was up 0.3% month-over-month in March.

The index for used cars and trucks was down 0.4% month-over-month while the index for apparel declined 1.9% month-over-month.

The shelter index increased 0.4% month-over-month and was a key driver of the uptick in core CPI.

The key takeaway from the report is that the core rate of inflation moderated on a year-over-year basis to 2.0% from 2.1% in February, which is a trend that should keep the Federal Reserve comfortable with its position of being on hold.
All Items0.4%0.2%0.0%0.0%0.0%
Food and Beverages0.2%0.4%0.2%0.3%0.2%
Equivalent Rent0.3%0.3%0.3%0.2%0.3%
Motor Fuel6.5%1.5%-5.5%-5.8%-5.2%
Medical Care0.3%-0.2%0.2%0.3%0.4%
Educ and Commun0.1%0.2%0.2%0.1%-0.5%
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