The Consumer Price Index rose 0.9 percent in March, its largest monthly gain since June 2022, as a 21.2 percent surge in gasoline prices — the biggest single-month increase in the index’s history — accounted for nearly three-quarters of the monthly increase, the Bureau of Labor Statistics reported.
Inman Events
Inman On Tour Nashville delivers insights and strategies for agents & leaders navigating today’s market.
Consumer prices rose 0.9 percent in March from the prior month — the largest monthly gain since June 2022 — as gasoline prices posted their biggest single-month increase since the index was first published in 1967, the U.S. Bureau of Labor Statistics reported Friday.
On an annual basis, the Consumer Price Index for All Urban Consumers climbed 3.3 percent, up from 2.4 percent for the 12 months ending in February, according to the BLS.
The index for energy rose 10.9 percent in March, led by a 21.2 percent increase in gasoline prices, which accounted for nearly three-quarters of the monthly all-items increase. Fuel oil surged 30.7 percent over the month, its largest monthly gain since February 2000, according to the BLS report.
The shelter index rose 0.3 percent in March, while the food index was flat as declines in grocery store prices offset a 0.2 percent rise in food away from home, the BLS reported.
The index for all items less food and energy rose 0.2 percent in March, with increases in airline fares, apparel, household furnishings and operations, education and new vehicles, while indexes for medical care, personal care and used cars and trucks decreased.
The all items less food and energy index rose 2.6 percent over the year, following a 2.5 percent increase over the 12 months ending in February.
Email Jessi Healey
Show Comments Hide Comments Sign up for Inman’s Morning Headlines What you need to know to start your day with all the latest industry developments Sign me up By submitting your email address, you agree to receive marketing emails from Inman. Success! Thank you for subscribing to Morning Headlines. Read Next
Record share of February homesellers cut list prices
New home team: Real estate's biggest new hires and moves
The hottest and coldest housing markets of 2026, ranked
NAR reaches $52.25M settlement in buy-side commission case
More in Markets & Economy
The hottest and coldest housing markets of 2026, ranked
Record share of February homesellers cut list prices
How to stockpile pre-listings in a market that feels unpredictable
If real estate agents don't matter, why are FSBOs at an all-time low?
Read next
Read Next
5 AI prompts that do the work of a full-time marketing assistant
All the single ladies: Why working with women is no longer niche
The hottest and coldest housing markets of 2026, ranked
NAR reaches $52.25M settlement in buy-side commission case