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Inflation Still Hot but Continues to Decelerate

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the staff of the Ridgewood blog

Washington DC, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in March on a seasonally adjusted basis, after increasing 0.4 percent in February, the U.S. Bureau of Labor Statistics reported today.

Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment. The index for shelter was by far the largest contributor to the monthly all items increase. This more than offset a decline in the energy index, which decreased 3.5 percent over the month as all major energy component indexes declined. The food index was unchanged in March with the food at home index falling 0.3 percent. The index for all items less food and energy rose 0.4 percent in March, after rising 0.5 percent in February. Indexes which increased in March include shelter, motor vehicle insurance, airline fares, household furnishings and operations, and new vehicles. The index for medical care and the index for used cars and trucks were among those that decreased over the month.

The all items index increased 5.0 percent for the 12 months ending March; this was the smallest 12-month increase since the period ending May 2021. The all items less food and energy index rose 5.6 percent over the last 12 months. The energy index decreased 6.4 percent for the 12 months ending March, and the food index increased 8.5 percent over the last year.

With the year-over-year inflation rate at 5.0% in March, the personal-finance website WalletHub today released its report on the Cities Where Inflation is Rising the Most,

To determine the cities where inflation is rising the most – and thus is the biggest problem – WalletHub compared 22 major MSAs (Metropolitan Statistical Areas) across two key metrics involving the Consumer Price Index, which measures inflation. We compared the Consumer Price Index for the latest month for which BLS data is available to two months prior and one year prior to get a snapshot of how inflation has changed in the short and long term.

Rising the Most Rising the Least
1. Philadelphia, PA 18. Honolulu, HI
2. Detroit, MI 19. Riverside, CA
3. Phoenix, AZ 20. Anchorage, AK
4. Seattle, WA 21. Minneapolis, MN
5. Atlanta, GA 22. Los Angeles, CA

To view the full report and your city’s rank, please visit:

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One thought on “Inflation Still Hot but Continues to Decelerate

  1. Notice is says ‘less food and energy’
    So it doesnt mean shit since that is what hits most of us in the pocketbook
    I’ll take $2 gas and mean tweets

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