Reflecting a spike in energy prices, the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased by slightly more than anticipated in the month of March.
The Labor Department said its consumer price index climbed by 0.4 percent in March after edging up by 0.2 percent in February. Economists had expected the index to rise by 0.3 percent.
Consumer prices showed their biggest monthly increase in over a year, as energy prices soared by 3.5 percent in March after rising by 0.4 percent in February. Gasoline prices led the way higher, skyrocketing by 6.5 percent.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.