Inflation up 0.6% in March, biggest rise since August 2012

• March Consumer Price Index: +0.6% vs. +0.5% consensus and +0.4% prior.
• The March M/M increase is the largest rise since a 0.6% increase in August 2012.
• In the past 12 month, the index rose 2.6% before seasonal adjustment, up from the 1.7% Y/Y increase in February
• Core CPI: +0.3% vs. +0.2% consensus and +0.1% prior.
• Core CPI up 1.6% Y/Y after increasing 1.3% Y/Y in February.