The Consumer Price Index (CPI) rose 0.9% in March, driven by energy costs, while core CPI increased by only 0.2%. Year-over-year core CPI also fell short of forecasts.
According to a report from the Bureau of Labor Statistics, the CPI rose 0.9% in March, matching economists' expectations, with a year-over-year increase of 3.3%. Core CPI, which excludes food and energy, rose 0.2%, below the forecast of 0.3%. Year-over-year core CPI increased by 2.6%, slightly lower than the expected 2.7%.