For the first time in more than 10-year, the Bureau of Labor Statistics (BLS) Consumer Price Index (CPI) declined in March. Following a 0.1% increase in February. The CPI declined <0.4%> in March on a seasonally adjusted basis. This is the largest decline in the CPI since January 2015. When excluding the volatile food and energy component, the ‘core’ CPI declined by <0.1%> in March, after increasing 0.2% in February. This the first drop since January 2010. The index for shelter remained unchanged in March, following a 0.3% increase in February. The indexes for medical care services, used cars and trucks, and education increased over the month, while the indexes for air fares, clothing and new vehicles declined.
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CONSUMER PRICE INDEX – MARCH 2020