Consumer Goods Prices and Inflation

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There was little relief from inflation in March

Gasoline and rent led prices higher for another month

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If you drove a car and paid rent last month, you felt the worst effects of inflation. The Consumer Price Index rose 0.4% in March, the same as February. But rent and gasoline accounted for half of the increase.

 The energy index, which includes gasoline, rose 1.1% – a significant one-month move. The price of gas rose 1.7% and is up 1.3% over the last 12 months.

Gasoline prices are rising in concert with oil prices. According to AAA, the national average price of regular g...

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