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USA Economy and Markets

Inflation rose faster than expected in March as an increase in the cost of rent and gasoline kept prices painfully high for millions of Americans.

The Labor Department said Wednesday that the consumer price index (CPI), a broad measure of the price of everyday goods including gasoline, groceries and rent, rose 0.4% in March from the previous month. Prices climbed 3.5% from the same time last year, above the 3.2% figure recorded in February. 

“This was a painful report with few bright spots for consumers,” said Robert Frick, corporate economist with Navy Federal Credit Union. “Not only did most food prices rise after they seemed to flatten out, car insurance had a big jump.”

Here is a breakdown of where Americans are seeing prices rising and falling the fastest as they continue to wrestle with sticker shock.

INFLATION ACCELERATES MORE THAN EXPECTED IN MARCH AS HIGH PRICES PERSIST

Rent

Housing costs …

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