The U.S. consumer price index increased 0.4 percent in March 2024 compared to February, an up 3.5 percent over the last 12 months, according to the U.S. Bureau of Labor Statistics. The CPI broadly measures select goods and services in the U.S. economy.

The overall increases in March were driven by rising prices for energy and housing. The higher costs for housing signals that inflation has not cooled enough for the Federal Reserve to lower interest rates in the coming months. Here’s what is costing people more: