- Year-over-year inflation rose 2.5%, the highest number in nearly five years.
- Gasoline prices rose sharply in January, but core inflation still rose 0.3% without gasoline. The Federal Reserve will take note.
- The report is welcome news for holders of I Bonds and TIPS, reversing a flat inflation index over the last three months.
Also, I have updated by ‘Tracking Inflation and I Bonds‘ page with these new numbers.
And here are the new March inflation indexes for all Treasury Inflation-Protected Securities.