The BLS reports the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent on a seasonally adjusted basis in March, after rising 0.3 percent in February. Over the last 12 months, the all items index increased 3.3 percent before seasonal adjustment.
The BLS rounds to 1 decimal point. I show 2 decimal places
CPI Month-Over-Month
All Items: 0.87 percent
All Items Excluding Food and Energy: 0.20 percent
Food and Beverage: 0.01 percent
Shelter: 0.27 percent
Owners’ Equivalent Rent: 0.28
Rent of Primary Residence: 0.19
Medical Care: -0.16 percent
Medical Care Services: 0.01 percent
Medical Care Commodities: -0.98 percent
Energy: 10.87 percent
Gasoline: 21.23 percent
Food at Home: -0.16 percent
Food Away from Home: 0.24
This was a disaster other than medical care and food at home, assuming you believe those.
I believe food at home. There were huge sales on beef where I shop. Your results may vary.
CPI Month-Over-Month Energy, Gasoline, Utilities
Energy, Gasoline, Utilities and Fuel Month-Over-Month
Energy: 10.87 percent
Gasoline: 21.23 percent
Utilities and Fuel: 1.01
CPI Year-Over-Year Percent Change Major Categories
CPI Year-Over-Year Percent Change Major Categories
All Items: 3.3 percent
All Items Excluding Food and Energy: 2.6 percent
Food and Beverage: 2.6 percent (13.69 percent of CPI)
Shelter: 3.0 percent (35.55 percent of CPI)
Medical Care Services: 3.7 percent (6.96 percent of CPI)
Utilities and Fuel: 5.6 percent
Energy: 12.5 percent (6.4 percent) of CPI
CPI Year-Over-Year Select Components
CPI Year-Over-Year Percent Select Categories
All Items: 3.3 percent
Medical Care Services: 3.7 percent
Utilities and Fuel: 5.6 percent
Energy: 12.5 percent of CPI
Gasoline: 18.9 percent of CPI
Inflation Report Widely Expected
Q: How do we know that?
A: Yield on the long bond has hardly budged for days, even during the peace talk lovefest in all the other markets.
Silence Is Golden
There are no Truth Social posts by Trump on the inflation disaster he created.
Don’t worry. It’s a small price to pay for giving Iran control of the strait.
Wait! What?
Well, it’s a good thing Iran has no cards.
Truth Social: The Iranians don’t seem to realize they have no cards, other than a short term extortion of the World by using International Waterways. The only reason they are alive today is to negotiate! President DONALD J. TRUMP
I’m sure glad for that. Imagine if Iran had cards.
But who was it that put those “short term” cards in Iran’s pocket and shut down nearly all traffic in the strait?
Powerful Reset
Truth Social: WORLD’S MOST POWERFUL RESET!!! President DJT
On occasion, usually by accident, Trump manages to tell the truth.
Giving Iran control of the strait while it collects tolls paid in cyrpto and yuan, coupled with punishing everyone with asinine tariffs, was indeed the most powerful (but stupid) global reset combination in decades.
Reader Comment Yesterday
A reader asked “Did you post articles like this during the Biden Administration?” He sarcastically added “I’m sure you did”.
Well, yes, I did.
I replied Why don’t you search my blog for “Biden Inflation” without the quotes and see for yourself.
There was no reply back, confirming what I expected was a troll question.
Related Posts
April 9, 2026: Inflation Has Been Above the Fed’s Target for 5 Straight Years
The Fed’s preferred measure of inflation has been above 2 percent since March of 2021.
On March 17, 2026 I noted Six Rules Suggest the Fed Should Not Be Cutting Interest Rates
Nothing changed for the better today.
Finally, on March 30, 2026, I noted Powell Warns the Markets and Trump that His Patience with Inflation Has Limits
Powell’s speech was to Harvard students but read between the lines.
Powell’s warning was aimed straight at Trump.
But when year-over year inflation surges for at least two more months, what will he will do about it?
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