F1: February 2024 marked a second consecutive 0.4% month-over-month increase in CPI, following a 0.3% rise in January [1]. F2: Year-over-year inflation rose by 3.2% in February 2024, a slight uptick from the 3.1% YoY rise in January [1]. F3: Food prices were unchanged in February, following a 0.4% MoM increase in January [1]. F4: Gasoline prices rebounded sharply by 3.8% MoM in February after declines in the previous two months [1]. F5: Core CPI (excluding food and energy) rose by 0.4% MoM in February and a softer 3.8% YoY [1]. F6: Shelter remains the main driver of core services inflation, accounting for one-third of the overall CPI [1]. F7: The Fed's new preferred measure of inflation, core services inflation (excluding housing), rose by 0.5% MoM in February, indicating economic growth is still high [1]. F8: The Fed indicated it may consider cutting interest rates later in the year, depending on economic indicators [1]. F9: Near-term economic outlook has improved, with GDP expected to expand at an annual rate of 2.1% this quarter, up from 0.8% in the previous survey [2]. F10: Unemployment rate is predicted to increase from 3.8% this quarter to 4.0% in Q4 2024 [2]. F11: Job gains in the current quarter are projected at a rate of 235,800 per month [2]. F12: Forecasters predict lower risk of real GDP contraction this quarter at 17.3%, down from 40.9% in the previous estimate [2]. F13: Over the next 10 years, CPI inflation is expected to be an annual-average rate of 2.24%, with PCE inflation at 2.00% [2]. --- SOURCES --- 1: https://www.philadelphiafed.org/surveys-and-data/real-time-data-research/spf-q1-2024 2: https://www.jpmorgan.com/insights/outlook/economic-outlook/cpi-report-february-2024 ----------------- Based on the provided information, the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.43 percent in March 2024 on a seasonally adjusted basis. March's increase of 0.43% is slightly lower than the 0.45% increase predicted earlier. This is based on the trend of rising inflation, as indicated by the 0.4 percent increase in the CPI-U in February 2024. The indexes for shelter and gasoline, which have a significant impact on the overall CPI, both increased in February. Additionally, the energy index rose by 2.3 percent, with all of its component indexes increasing. While the food index remained unchanged in February, the food away from home index rose by 0.1 percent. The index for all items less food and energy also rose by 0.4 percent in February, the same increase as in January. Over the last 12 months, the all items less food and energy index rose by 3.8 percent, indicating that inflation is not limited to food and energy prices. The forecast of a 0.43 percent increase in the CPI-U in March 2024 is consistent with the Eurosystem and ECB staff's projections that inflation will decline over the next few years but at a slower pace than observed in 2023. **The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.43 percent in March 2024 on a seasonally adjusted basis.**