The March core consumer price index, a measure of underlying inflation that excludes food and fuel, is seen rising 0.3% from a month earlier after a 0.4% advance in February
The overall CPI probably rose less than 3 per cent for the first time in nearly two years, economists forecast Tuesday's report to show
The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs
In the 12 months through February, the CPI shot up 7.9%, the biggest year-on-year increase since January 1982
The consumer price index increased 6.8% from November 2020, according to Labor Department data released Friday
This will bolster expectations that inflation will gain momentum this year