Increases in energy and transportation costs helped push the Consumer Price Index higher at an annual rate of 2.6% in March, according to government data released this week. It marked the biggest 12-month increase since August 2018.
OMA Connections Partner RSM reports that energy prices rose by 5% on a monthly basis and 13.2% year over year. But the firm says other key inflation indicators do not point to an immediate risk to the economic outlook. 4/14/2021