Inflation for March 2023 is still rising year-over-year albeit a slower pace than previous months. The month-over-month CPI came in at just 0.1% and 5% year-over-year compared to 6% in February. However, numbers still remain well above the Fed’s target inflation rate of 2%. Items seeing the largest decrease in price were in the energy sector with gasoline prices dropping 18% year-over-year. On the other hand, eggs saw a 36% increase in prices and electricity costs were up over 10!

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