U.S. March CPI Shows Gas Prices Jumped 21% From Previous Month
The data indicates gasoline posted its largest monthly increase since 1967, highlighting a sharp inflation pressure in consumer energy costs.
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Terms & Concepts
- CPI: Consumer Price Index, a standard inflation measure tracking changes in prices paid by consumers for goods and services.
- Month over month: A comparison of data from one month to the previous month to show short-term changes in prices or activity.