Urban inflation in the U.S. remained consistent in March with a marginal 0.4 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U), mirroring February's figures, a report of the Bureau of Labor Statistics has revealed.
Over the past 12 months, the all items index rose 3.5 percent before seasonal adjustments, marking a notable uptick, BLS said.
In March, the index for shelter costs rose, alongside gasoline prices. They contributed to about half of the monthly rise in the index for all items. The energy index also saw a 1.1 percent uptick, while the food index rose by a marginal 0.1 percent.