The Consumer Price Index (CPI) rose 8.5% in the US between April 1 2021 and March 31 2022 (12 months) as this publication of the Bureau of Labor Statistics shows. The CPI continues to increase its rate. This represents a 40 year high. The last time this index was higher was in December 1981 (reference). In March, the CPI increased 1.2%. This represents an acceleration of the month to month inflation compared to February 2022
The main contributors of the increase were used autos and energy as in the previous month. The price of used cars grew 35.3% and the price of energy increased 32.0% in the past 12 months and within this increase, gasoline increased 48.0 % and fuel oil 70.1% .
Regarding the month to month CPI increase, it continued its acceleration. The rise in the price of food is still not reflected, so it is expected for the CPI to continue to accelerate its increase
Previous posts regarding the inflation rate
- July 15, 2021. Inflation Peaks as CPI Rises 5.4%
- September 12, 2021. 12-Month Percent Change in CPI is 5.4% in July 2021
- September 15, 2021. 12-Month Percent Change in CPI is 5.3% in August 2021
- October 13, 2021. 12-Month Percent Change in CPI is 5.4% in September 2021
- November 10, 2021. 12-Month Percent Change in CPI is 6.2% in October 2021
- December 10, 2021. Inflation Rate at 6.8% (Annual Rate), Will it Continue to Climb?
- January 12, 2022. Inflation Rate at 7.0% (Annual Rate), it Continues to Rise
- February 10, 2022. The Consumer Price Index (CPI) rose 7.5% in the US in the last 12 months
- March 10, 2022. The Consumer Price Index (CPI) rose 7.9% in the US in the last 12 months