Market Updates
Energy Price Surge Drives U.S. Inflation to 4-Decade High
Brian Turner
12 Apr, 2022
New York City
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Consumer price index in March rose 8.5% from a year ago driven by the high cost of energy, food, and shelter. Energy prices soared 32% and food prices increased 8.8%. Core inflation which excludes food and energy rose 6.5%. For the month, core inflation increase ebbed to 0.3% after rising at 0.5% in February. Shelter costs rose 5% from a year ago and gained 0.5% in the month.
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