The March Consumer Price Index, which measures inflation, increased 0.3%. Inflation was across the board and for the year has increased 2.7%. Below is the graph for CPI's monthly percentage change.
The Consumer Price Index for May 2011 increased 0.2% from last month, but core CPI rose 0.3%, the largest jump since July 2008. Core CPI removes food and energy cost increases and is the number the Federal Reserve watches for inflation. For the year, not seasonally adjusted, the Consumer Price Index for all Urban Consumers (CPI-U) has risen 3.6%. The March CPI monthly increase was 0.4%.
The Consumer Price Index for December 2010 increased 0.5% from last month. For the year, the Consumer Price Index for all Urban Consumers (CPI-U) has risen 1.5%. Gas alone increased 8.5% from November. Core CPI, or all items less food and energy, also increased, 0.1%, the same increase as last month. For the year, core CPI, or minus food and energy, is off it's record lows, now at 0.8%.
I'll let you click on the link for the stats, but the numbers are saying, "hey let's Disco, it's the 1970's!"
(without the good paying jobs or increasing wages of course!)
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