March CPI Report: Energy Lifts Headline; Core Holding Steady (For Now)

Principal Financial Group1.23K FollowersFollow5ShareSavePlay(7min)CommentsSummaryHeadline inflation rose 0.9% from the prior month, as expected, pushing the annual rate to 3.3%, the highest reading in almost two years.Energy accounted for the bulk of the monthly headline CPI increase.Goods inflation remained fairly benign, edging slightly higher last month.Core inflation continued to be driven primarily by services prices. Laurence Berger/iStock via Getty Images By Magdalena Ocampo, Market Strategist The March CPI report marked a meaningful reacceleration in headline inflation, on both a monthly and annual basis, driven largely by the surge in energy prices tied to the conflict inThis article was written byPrincipal Financial Group1.23K FollowersFollowThe Principal Financial Group (The Principal®) is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $519.3 billion in assets under management1 and serves some 19.7 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States.

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