The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of March 2024 is 3.4%. If 3.4% is the actual year-over-year increase in the CPI, it will mark the highest year-over-year increase since Decembe
Inflation in the United States is calculated using the consumer price index (CPI). The consumer price index is a measure of change in the price level of a preselected market basket of consumer goods and services purchased by households. This forecast of U.S. inflation was prepared by the ...