Price Inflation Comes in Hot

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The consumer price index came in with an increase of  0.6-percent for the month of March. That is an annualized rate of  7.2-percent

This is a developing story, return to this post for updates. 

UPDATE 1

The March 1-month increase was the largest rise since a 0.6-percent increase in August 2012. Over the last 12 months, the index increased 2.6 percent.

UPDATE 2

The gasoline index continued to increase, rising 9.1-percent in March. For the last 12-months gasoline prices are up by 22-percent.

 -RW