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1,000-Word Charts: Inflation in the U.S. and Canada - March 2021

Alex Carrick
1,000-Word Charts: Inflation in the U.S. and Canada - March 2021

Due to its complexity, much of the subject matter concerning the economy requires detailed editorial commentary, often supported by relevant tables and graphs.

At the same time, though, there are many topics (e.g., relating to demographics, housing starts, etc.) that cry out for compelling ‘shorthand’ visualizations.

Whichever path is followed, the point of the journey, almost always, is to reach a bottom line or two.

To provide additional value, ConstructConnect is now pleased to offer an ongoing series of 1,000-word charts.

These will help readers sort out the ‘big picture’ more clearly.

These 1,000-word charts look at the latest inflation rates in the U.S. and Canada as of March 2021.

Graph 1: U.S. Inflation: All Items (CPI-U) vs All Items Less Food & Energy (i.e., ‘Core’*)
(Not Seasonally Adjusted)
In the U.S., the March 2021 changes in the energy sub-component index were +13.2% y/y & +5.9% m/m (NSA). Gasoline was +22.5% y/y & +11.7% m/m ( NSA).
The latest data points are for March, 2021.
The U.S. figure (CPI-U) is the All Items Consumer Price Index for All Urban Consumers.
*Core inflation is CPI-U less its often most volatile sub-components, food and energy.
Data source: U.S. Bureau of Labor Statistics (Department of Labor).
Chart: ConstructConnect.
Graph 2: Canada Inflation: All Items CPI vs Core*
(Not Seasonally Adjusted)
In Canada, the March 2021 changes in the energy sub-component index were +19.1% y/y & +4.4% m/m (NSA). Gasoline was +35.3% y/y & +5.8% m/m (NSA).
The latest data points are for March 2021.
The Canada figure (CPI) is the All Items Consumer Price Index.
*Core inflation is CPI-U less its often most volatile sub-components, food and energy.
Data source: Statistics Canada.
Chart: ConstructConnect.

Please click on the following link to view the latest inflation charts for the U.S. and Canada: CanaData Forecaster Charts & Tables – Inflation


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