March 2024 Inflation Report. The latest update to the federal reserve’s preferred price gauge on friday should confirm a bumpy start to the year on the inflation front. On a monthly basis, cpih rose by 0.6% in february 2024, compared with a rise of 1.0% in february 2023.
Please note that the indexes for the past 10 to 12 months are subject to revision. Inflation ran at 3.2 percent in the year through february, faster than expected, and a sign that inflation could prove difficult to fully stamp out.